Staggered Wage Net Discount Rates: Comment

Abstract Bauman and Schap have a history of studying the statistical properties of net discount rates. In this Journal, Baumann and Schap (2018) recently examined wage net discount rates (WNDRs) constructed from January 1980 to May 2016. This comment is intended to open discussion as to why there is a disconnect between WNDR science such as Bauman and Schap and many of the WNDRs that appear in the practice of forensic economics.