Net Discount Rates: Does Duration Matter?

Journal of Legal Economics;  September 1, 2007 ;     700+ words ......economists employ averages of net discount rates over historical periods as proxies for future net discount rates. This raises the question of...The first uses moving average net discount rates over a number of years. A more...

The time series behavior of the medical cost net discount rate:...

Journal of Forensic Economics;  January 1, 2001 ;     700+ words ......Figure 1 presents plots of the medical net discount rates. Note that the medical net discount rates follow a similar pattern over time. Generally speaking, the medical net discount rates are positive, although in some periods...

Correction.(Correction Notice)

Journal of Risk and Insurance;  September 1, 2004 ;     230 words ...Forecasting Medical Net Discount Rates Due to a computation error, the means of the medical net discount rates for the period 1981 01-1999...2003, Forecasting Medical Net Discount Rates, Journal of Risk and Insurance...

Accounting for age-earnings profiles in net discount rates.(Statistical...

Journal of Forensic Economics;  September 22, 1999 ;     700+ words ......economy. As a consequence, net discount rates estimated using the historical...this paper is to calculate net discount rates that accurately estimate the...rate to decrease. In addition, net discount rates are smaller for women than...

Time-series properties of medical care net discount rates

Journal of Legal Economics;  October 1, 2000 ;     700+ words ......properties of various medical care net discount rates are analyzed. If it can be...Properties of Medical Care Net Discount Rates If a time series has a constant...conclusion for the other three net discount rates. The means appear to change...

Historical Net Discount Rates-An Update Through 2003

Journal of Legal Economics;  October 1, 2002 ;     700+ words ......economists with values for net discount rates and the real interest rate...tables provide year by year net discount rates for wage growth, the real interest...economic "experts" that various net discount rates are justified by historical...

New discount rate determinations: a reply.

Journal of Forensic Economics;  March 22, 1997 ;     700+ words ......that forensic economists examine the net discount rate over previous periods as a basis...there is no trend, only drift, in the net discount rate, he appears to argue for support...total offset method which assumes a zero net discount rate, a notion that he both advocated...would ...

Historical comparisons between various interest rates and growth rates in...

Journal of Legal Economics;  April 1, 2000 ;     700+ words ......about appropriate discount rates to use for reducing...prices are used, discount rates from the same period...growth rates and discount rates. It is this writer...on availability of discount rates from table B-71...than total offset discount rates for any ...

Forecasting medical net discount rates.

Journal of Risk and Insurance;  March 1, 2003 ;     700+ words ......time-series properties of medical net discount rates and considers the implications...characteristics of the medical net discount rates. INTRODUCTION While rising...We construct medical cost net discount rates (MNDRs) using monthly data...

An inquiry into the time series properties of net discount...

Journal of Forensic Economics;  September 22, 1999 ;     700+ words ......The use of the net discount rate is one...argue that the net discount rate has undergone...resulted in higher net discount rates than the minimalist...increase in the net discount rate. The task...a stationary net discount rate can be...

ARE NET DISCOUNT RATIOS STATIONARY? EVIDENCE OF MEAN-REVERSION AND...

Journal of Risk and Insurance;  September 1, 2000 ;     700+ words ......1994) in this journal about whether the net discount ratio can be described as a stationary...decomposition tests, the authors find that the net discount ratio follows a trend stationary process...historical averages to forecast the net discount ratio, an important question is ...

A further examination regarding the stability of the net discount rate.

Journal of Forensic Economics;  January 1, 2000 ;     700+ words ......Introduction The net discount rate, measured as...value to use for the net discount rate has, in recent...advocated the use of net discount rates close to zero, see...calculation of the average net discount rate over time using...distorted measure for the ...

Mean reversion in net discount rates

Journal of Legal Economics;  April 1, 1999 ;     700+ words ......permanent in which case a shock to the net discount rate does not completely return to its trend. On the other hand, if the net discount rate does not contain a stochastic trend...1996, 29), "Valuation with a historical net discount rate (NDR) requires that the NDR be ...

Mean reversion in net discount ratios: a study in the context of...

Journal of Risk and Insurance;  March 1, 2008 ;     700+ words ......about stationarity and mean reversion of the net discount ratio. Modeling the net discount ratio as a fractionally integrated (I(d...estimation procedures and find evidence that the net discount ratio is an I(d) process with 1/2 [less the...

Structural Instability in the Net Discount Rate Series Based on High Grade...

Journal of Legal Economics;  October 1, 2002 ;     700+ words ......often use the net discount rate to calculate...Typically, the net discount rate is estimated...value for the net discount rate. First...calculating the net discount rate. second...average the net discount rate. With respect...published studies on ...