Discounting for Public Cost-Benefit Analysis
---- Acknowledgments ----
We thank Alex Marten, Dalia Patino-Echeverri, Martin Smith, Steven Sexton, Juan-Carlos Suárez Serrato for comments and feedback, as well as Helen Ladd for very helpful discussions. Jeffrey Vincent provided invaluable comments on an earlier draft. Xiaochen Sun provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.