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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 |
Last modified:
Wednesday March 15, 2006 10:45 AM
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