Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates
收藏NBER2017-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23591
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资源简介：
We develop a demographically-based approach for estimating the utility discount rate (UDR) portion of the Ramsey rule. We show how age-specific mortality rates and life expectancies imply a natural UDR for individuals at each age in a population, and these can be aggregated into a population-level
提供机构：
美国国家经济研究局
创建时间：
2017-07-01
