| Below are sources of growth
rates based on inflation, earnings, and
compensation and of interest rates for
discounting earnings, life care plans, and
pensions. For an explanation of use of the
total offset method in calculating present
value, see the
Use of a Total Offset page. For an
illustration of the effects of varied net
discounts rates on a present value
calculation, see the
Net Discount Comparison
page.
|
Data Item |
Description |
|
Compensation growth |
U.S. Bureau of
Labor Statistics.
Major Sector
Productivity and Costs Index, Hourly
Compensation. Series ID:
PRS84006103
Source of growth rates for
compensation (combination of wages
and fringe benefits) |
|
Wage growth |
U.S. Bureau of
Labor Statistics.
National
Employment, Hours, and Earnings:
Average Hourly Earnings of
Production Workers. Series ID:
CEU0500000006
Source of growth rates for wages
|
|
Inflation |
U.S. Bureau of
Labor Statistics.
Consumer Price
Index, All Urban Consumers, U.S.
City Average.
Used to update dollars to current
value using inflation (Series ID:
CUUR0000SA0); also source of growth
rates for medical services (Series
ID: CUUR0000SAM2), medical
commodities (Series ID:
CUUR0000SAM1), and hospital and
related services (Series ID:
CUUR0000SEMD)
|
|
T-bills - annual
T-bills - monthly |
Federal Reserve
Board.
3 Month Treasury Bill
Rate (Secondary Market).
Source of annual average
interest/discount rates from 1954 on
Source of monthly average
interest/discount rates from 1947 on
|
|
Pension rates |
Pension Benefit
Guaranty Corporation.
Interest
Rates.
Source of interest rates for
discounting pensions |
|
