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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

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.