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Economic constants used in DAEDALUS

Source: R/constants.R
econ_constants.Rd

Economic constants used in DAEDALUS

Usage

edu_effectiveness_remote

edu_annual_ror

work_expected_years

earnings_loss_discount

Format

An object of class numeric of length 1.

An object of class numeric of length 1.

An object of class numeric of length 1.

An object of class numeric of length 1.

Details

The Daedalus model uses these constants for economic value calculations:

  1. edu_effectiveness_remote: The effectiveness of remote education.

  2. edu_annual_ror: The rate of return on a year of education.

  3. work_expected_years: The expected number of years of work for school-age children.

  4. earnings_loss_discount: The discounting rate used in the calculation of lost earnings.