Social discount rates are estimated for six major economies: Australia, France, Germany, Japan, the UK and the USA. A common methodology based on social time preference is employed and the information required is taken from the same OECD database. The main policy implications of applying consistently measured discount rates in the context of social project appraisal are then discussed. This is an important matter because, up to now, these countries have set their official discount rates using strikingly different methods and such disparities may have resulted in inconsistent decision-making in relation to the allocation of funds to long-term social projects.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 11 (2004) Issue (Month): 9 (January) Pages: 557-560 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)