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- W3121948539 abstract "We back out an estimate of a personal discount rate of between 3 and 4 percent for a person with a life expectancy of 74 years who dies at age 30 (or 40) and has a value of statistical life of $6.3 million. Central to these calculations is the series generated by Murphy and Topel of value of life years (the dollar value of consumption plus the dollar value of leisure, with some smoothing for income in retirement). We employ the Makeham model of life expectancy in our calculations." @default.
- W3121948539 created "2021-02-01" @default.
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- W3121948539 date "2008-11-01" @default.
- W3121948539 modified "2023-09-27" @default.
- W3121948539 title "The Discount Rate and the Value of Remaining Years of Life" @default.
- W3121948539 hasPublicationYear "2008" @default.
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