Social Investment and Its Discount Rate

Author:

Begg Iain

Abstract

Like any form of investment, social investment will generate a rate of return and will represent a good use of public funding only if that rate of return is high enough compared to alternative uses of the resources. As with assessments of the benefits of action to prevent climate change, it is important to identify the main costs and benefits over time and to take into account the cumulative results of longer-term effects. However, because many of the consequences of social investment only materialize in the longer run, the justification for making social investments will be crucially affected by the discount rate chosen. This chapter examines how social investment can best be assessed from an economic standpoint, drawing attention to aspects that may prove contentious.

Publisher

Oxford University Press

Cited by 2 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Modeling of Social Risks in the Labor Sphere;Journal of Risk and Financial Management;2021-10-14

2. Social investment as a policy paradigm;Journal of European Public Policy;2018-03-22

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