On The Derivation and Consistent Use of Growth and Discount Rates For Future Earnings

Albrecht, Gary R.; Moorhouse, John C.

doi:10.5085/0898-5510-2.3.95

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H the Subject And Proxy Variables1

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1992

2014

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Cited by 6 publications

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“…Authors who refer to "productivity" and "inflation" when discussing the growth path of future wages include: Albrecht and Moorhouse (1989), Brookshire and Smith (1990), Dillman (1988Dillman ( ), (1978, Lewis (1989), Marlin (1988), Pelaez (1989) wt is the wage rate in time t mplt is the marginal productivity of labor in time t pot is the price of the output received by the manufacturer in time t Or, writing equation 1) as a rate of change 2…”

Section: H the Subject And Proxy Variablesmentioning

confidence: 99%

“…We do not consider changes in an individual's productivity and wages due to changes in individual circumstances, such as age, in this paper.) The acceptance of the framework is shown whenever the growth rate of wages is discussed in terms of the sum of the growth rate of productivity and inflation; this includes the debate on what real interest rate to use as the cancellation of prices in wage increases and interest rates relies upon this framework (see Albrecht and Moorhouse (1989)). …”

Section: )mentioning

confidence: 99%

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