Data & Code for: Non-dogmatic Social Discounting
Principal Investigator(s): View help for Principal Investigator(s) Antony Millner, University of California-Santa Barbara
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Matlab-code | 09/25/2019 12:39:PM | ||
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application/vnd.openxmlformats-officedocument.spreadsheetml.sheet | 11.2 KB | 09/24/2019 03:03:PM |
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application/pdf | 17.9 KB | 09/25/2019 08:51:AM |
Project Citation:
Millner, Antony. Data & Code for: Non-dogmatic Social Discounting. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-02-25. https://doi.org/10.3886/E111681V1
Project Description
Summary:
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This repository contains the Matlab code and data used to plot the
figures in "Non-dogmatic social discounting". There are three files:
a) “Drupp_data.xlsx” — data provided by the authors of Drupp et. al. (2018). The original paper contains a code book, available at https://aeaweb.org/doi/10.1257/pol.20160240.data
b) "deltaeta_data.mat" -- a Matlab data file containing the surveyed values of "delta" (pure rate of social time preference) and "eta" (elasticity of marginal utility), reported in the Excel file above.
c) "NDSD.m" -- a Matlab script that plots the figures displayed in the paper, and the online appendix. (Depends on deltaeta_data.mat)
To replicate the figures, place “NDSD.m” and “deltaeta_data.mat” in the same folder, and execute NDSD.m from the Matlab command line.
The paper's abstract is as follows:
The long-run social discount rate has an enormous effect on the value of climate mitigation, infrastructure projects, and other long-term public policies. Its value is however highly contested, in part because of normative disagreements about social time preferences. I develop a theory of `non-dogmatic' social planners, who are insecure in their current normative judgments and entertain the possibility that they may change. Although each non-dogmatic planner advocates an idiosyncratic theory of intertemporal social welfare, all such planners agree on the long-run social discount rate. Non-dogmatism thus goes some way towards resolving normative disagreements, especially for long-term public projects.
a) “Drupp_data.xlsx” — data provided by the authors of Drupp et. al. (2018). The original paper contains a code book, available at https://aeaweb.org/doi/10.1257/pol.20160240.data
b) "deltaeta_data.mat" -- a Matlab data file containing the surveyed values of "delta" (pure rate of social time preference) and "eta" (elasticity of marginal utility), reported in the Excel file above.
c) "NDSD.m" -- a Matlab script that plots the figures displayed in the paper, and the online appendix. (Depends on deltaeta_data.mat)
To replicate the figures, place “NDSD.m” and “deltaeta_data.mat” in the same folder, and execute NDSD.m from the Matlab command line.
The paper's abstract is as follows:
The long-run social discount rate has an enormous effect on the value of climate mitigation, infrastructure projects, and other long-term public policies. Its value is however highly contested, in part because of normative disagreements about social time preferences. I develop a theory of `non-dogmatic' social planners, who are insecure in their current normative judgments and entertain the possibility that they may change. Although each non-dogmatic planner advocates an idiosyncratic theory of intertemporal social welfare, all such planners agree on the long-run social discount rate. Non-dogmatism thus goes some way towards resolving normative disagreements, especially for long-term public projects.
Scope of Project
Subject Terms:
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Social discount rate;
normative uncertainty;
interdependence;
cost-benefit analysis
JEL Classification:
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D61 Allocative Efficiency • Cost–Benefit Analysis
D90 General
H43 Project Evaluation • Social Discount Rate
D90
D61 Allocative Efficiency • Cost–Benefit Analysis
D90 General
H43 Project Evaluation • Social Discount Rate
D90
Data Type(s):
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survey data
Methodology
Data Source:
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"Discounting disentangled", Drupp et. al. (2018). American Economic Journal: Economic Policy. 10(4) pp 109-134.
I thank the authors of this paper for providing me with the data at an early stage of this project.
I thank the authors of this paper for providing me with the data at an early stage of this project.
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