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Article: A Threshold Formula for Indexing the Discount Rate for Actuarial Assessment of Damages in Personal Injury Litigation
Title | A Threshold Formula for Indexing the Discount Rate for Actuarial Assessment of Damages in Personal Injury Litigation |
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Authors | |
Keywords | Discount rate Ogden tables Personal injury claims Redemption |
Issue Date | 2010 |
Publisher | Sweet & Maxwell Ltd. |
Citation | Journal of Personal Injury Law , 2010, n. 3, p. 139-146 How to Cite? |
Abstract | Proposes a threshold formula for indexing the discount rate in personal injury claims, namely the net rate of return. Examines: (1) the discount rate itself, commenting on the significance of the House of Lords decision in Wells v Wells; (2) the gross redemption yields on Index-Linked Government Stock (ILGS), looking at Appendix B of the Ogden Tables; and (3) a proposed formula-based approach for the setting of the discount rate, which resets the rate when the historical three-year moving-average ILGS yields show a persistent and significant shift. |
Persistent Identifier | http://hdl.handle.net/10722/134708 |
ISSN |
DC Field | Value | Language |
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dc.contributor.author | Chan, WS | - |
dc.contributor.author | Chan, FWH | - |
dc.contributor.author | Li, JSH | - |
dc.date.accessioned | 2011-07-06T06:08:33Z | - |
dc.date.available | 2011-07-06T06:08:33Z | - |
dc.date.issued | 2010 | - |
dc.identifier.citation | Journal of Personal Injury Law , 2010, n. 3, p. 139-146 | - |
dc.identifier.issn | 1472-9490 | - |
dc.identifier.uri | http://hdl.handle.net/10722/134708 | - |
dc.description.abstract | Proposes a threshold formula for indexing the discount rate in personal injury claims, namely the net rate of return. Examines: (1) the discount rate itself, commenting on the significance of the House of Lords decision in Wells v Wells; (2) the gross redemption yields on Index-Linked Government Stock (ILGS), looking at Appendix B of the Ogden Tables; and (3) a proposed formula-based approach for the setting of the discount rate, which resets the rate when the historical three-year moving-average ILGS yields show a persistent and significant shift. | - |
dc.language | eng | - |
dc.publisher | Sweet & Maxwell Ltd. | - |
dc.relation.ispartof | Journal of Personal Injury Law | - |
dc.subject | Discount rate | - |
dc.subject | Ogden tables | - |
dc.subject | Personal injury claims | - |
dc.subject | Redemption | - |
dc.title | A Threshold Formula for Indexing the Discount Rate for Actuarial Assessment of Damages in Personal Injury Litigation | en_US |
dc.type | Article | en_US |
dc.identifier.email | Chan, FWH: fwhchan@hku.hk | - |
dc.identifier.hkuros | 183771 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 139 | - |
dc.identifier.epage | 146 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.issnl | 1472-9490 | - |