Assessing the Personal Discount Rate
This paper reviews research on the estimation of the personal discount rate (a key factor in evaluating the effects of changes in retirement programs) and presents results from recent Army Research Institute research on this issue. According to this research, the discount rates being used in economi...
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| creator | Nord, Roy D Schmitz, Edward J |
| description | This paper reviews research on the estimation of the personal discount rate (a key factor in evaluating the effects of changes in retirement programs) and presents results from recent Army Research Institute research on this issue. According to this research, the discount rates being used in economic models are likely to be incorrect. There is evidence that the discount rate applied to retirement benefits may be much lower than assumed. Retirement policies favoring present pay over future benefits may qualitatively change the composition of people remaining in the force. Keywords: Reenlistment; Logistics models; Statistical Methodology. |
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According to this research, the discount rates being used in economic models are likely to be incorrect. There is evidence that the discount rate applied to retirement benefits may be much lower than assumed. Retirement policies favoring present pay over future benefits may qualitatively change the composition of people remaining in the force. Keywords: Reenlistment; Logistics models; Statistical Methodology.</description><language>eng</language><subject>ARMY PERSONNEL ; ARMY RESEARCH ; BENEFITS ; ECONOMIC MODELS ; Economics and Cost Analysis ; ESTIMATES ; INCOME ; LOGISTICS ; MATHEMATICAL MODELS ; METHODOLOGY ; PE62722A ; PERSONAL DISCOUNT RATE ; Personnel Management and Labor Relations ; PERSONNEL RETENTION ; POLICIES ; REENLISTMENT ; RETIREMENT ; RETIREMENT(PERSONNEL) ; STATISTICS</subject><creationdate>1985</creationdate><rights>Approved for public release; distribution is unlimited.</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,776,881,27546,27547</link.rule.ids><linktorsrc>$$Uhttps://apps.dtic.mil/sti/citations/ADA178567$$EView_record_in_DTIC$$FView_record_in_$$GDTIC$$Hfree_for_read</linktorsrc></links><search><creatorcontrib>Nord, Roy D</creatorcontrib><creatorcontrib>Schmitz, Edward J</creatorcontrib><creatorcontrib>ARMY RESEARCH INST FOR THE BEHAVIORAL AND SOCIAL SCIENCES ALEXANDRIA VA</creatorcontrib><title>Assessing the Personal Discount Rate</title><description>This paper reviews research on the estimation of the personal discount rate (a key factor in evaluating the effects of changes in retirement programs) and presents results from recent Army Research Institute research on this issue. According to this research, the discount rates being used in economic models are likely to be incorrect. There is evidence that the discount rate applied to retirement benefits may be much lower than assumed. Retirement policies favoring present pay over future benefits may qualitatively change the composition of people remaining in the force. Keywords: Reenlistment; Logistics models; Statistical Methodology.</description><subject>ARMY PERSONNEL</subject><subject>ARMY RESEARCH</subject><subject>BENEFITS</subject><subject>ECONOMIC MODELS</subject><subject>Economics and Cost Analysis</subject><subject>ESTIMATES</subject><subject>INCOME</subject><subject>LOGISTICS</subject><subject>MATHEMATICAL MODELS</subject><subject>METHODOLOGY</subject><subject>PE62722A</subject><subject>PERSONAL DISCOUNT RATE</subject><subject>Personnel Management and Labor Relations</subject><subject>PERSONNEL RETENTION</subject><subject>POLICIES</subject><subject>REENLISTMENT</subject><subject>RETIREMENT</subject><subject>RETIREMENT(PERSONNEL)</subject><subject>STATISTICS</subject><fulltext>true</fulltext><rsrctype>report</rsrctype><creationdate>1985</creationdate><recordtype>report</recordtype><sourceid>1RU</sourceid><recordid>eNrjZFBxLC5OLS7OzEtXKMlIVQhILSrOz0vMUXDJLE7OL80rUQhKLEnlYWBNS8wpTuWF0twMMm6uIc4euiklmcnxxSWZeakl8Y4ujobmFqZm5sYEpAGCcSPV</recordid><startdate>198503</startdate><enddate>198503</enddate><creator>Nord, Roy D</creator><creator>Schmitz, Edward J</creator><scope>1RU</scope><scope>BHM</scope></search><sort><creationdate>198503</creationdate><title>Assessing the Personal Discount Rate</title><author>Nord, Roy D ; Schmitz, Edward J</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-dtic_stinet_ADA1785673</frbrgroupid><rsrctype>reports</rsrctype><prefilter>reports</prefilter><language>eng</language><creationdate>1985</creationdate><topic>ARMY PERSONNEL</topic><topic>ARMY RESEARCH</topic><topic>BENEFITS</topic><topic>ECONOMIC MODELS</topic><topic>Economics and Cost Analysis</topic><topic>ESTIMATES</topic><topic>INCOME</topic><topic>LOGISTICS</topic><topic>MATHEMATICAL MODELS</topic><topic>METHODOLOGY</topic><topic>PE62722A</topic><topic>PERSONAL DISCOUNT RATE</topic><topic>Personnel Management and Labor Relations</topic><topic>PERSONNEL RETENTION</topic><topic>POLICIES</topic><topic>REENLISTMENT</topic><topic>RETIREMENT</topic><topic>RETIREMENT(PERSONNEL)</topic><topic>STATISTICS</topic><toplevel>online_resources</toplevel><creatorcontrib>Nord, Roy D</creatorcontrib><creatorcontrib>Schmitz, Edward J</creatorcontrib><creatorcontrib>ARMY RESEARCH INST FOR THE BEHAVIORAL AND SOCIAL SCIENCES ALEXANDRIA VA</creatorcontrib><collection>DTIC Technical Reports</collection><collection>DTIC STINET</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Nord, Roy D</au><au>Schmitz, Edward J</au><aucorp>ARMY RESEARCH INST FOR THE BEHAVIORAL AND SOCIAL SCIENCES ALEXANDRIA VA</aucorp><format>book</format><genre>unknown</genre><ristype>RPRT</ristype><btitle>Assessing the Personal Discount Rate</btitle><date>1985-03</date><risdate>1985</risdate><abstract>This paper reviews research on the estimation of the personal discount rate (a key factor in evaluating the effects of changes in retirement programs) and presents results from recent Army Research Institute research on this issue. According to this research, the discount rates being used in economic models are likely to be incorrect. There is evidence that the discount rate applied to retirement benefits may be much lower than assumed. Retirement policies favoring present pay over future benefits may qualitatively change the composition of people remaining in the force. Keywords: Reenlistment; Logistics models; Statistical Methodology.</abstract><oa>free_for_read</oa></addata></record> |
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| source | DTIC Technical Reports |
| subjects | ARMY PERSONNEL ARMY RESEARCH BENEFITS ECONOMIC MODELS Economics and Cost Analysis ESTIMATES INCOME LOGISTICS MATHEMATICAL MODELS METHODOLOGY PE62722A PERSONAL DISCOUNT RATE Personnel Management and Labor Relations PERSONNEL RETENTION POLICIES REENLISTMENT RETIREMENT RETIREMENT(PERSONNEL) STATISTICS |
| title | Assessing the Personal Discount Rate |
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