TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A rate, usually expressed in the form of a percentage, that expresses the preference of a society as a whole for present returns rather than future returns and that sometimes is proposed as a discount rate for project analysis. Generally considered to be less than the opportunity cost of capital, which expresses a summation of individual time preferences because the society as a whole has a longer time horizon than does any one of its members.  7, record 1, English, - social%20rate%20of%20time%20preference

Record number: 1, Textual support number: 1 CONT

... the appropriate rate of interest or rate of discount by which the net benefit at any point of time is weighed ... reflects society's rate of time preference. (If, for example, society is indifferent between having $100 million today and $106 million next year, the social rate of time preference is 6 per cent per annum.)  8, record 1, English, - social%20rate%20of%20time%20preference

Record number: 1, Textual support number: 1 OBS

for "social MTPR" : An individual is said to have a time preference between consumption in different periods. This is measured by his marginal time preference rate (MTPR for short).  6, record 1, English, - social%20rate%20of%20time%20preference

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

Le choix du taux d’intérêt désiré constitue(...) un arbitrage entre une consommation globale plus importante aujourd’hui, ou des investissements plus nombreux, et(...) une consommation plus forte demain. C'est pourquoi ce taux est souvent appelé le "taux de préférence collective pour le présent".  1, record 1, French, - taux%20de%20pr%C3%A9f%C3%A9rence%20collective%20pour%20le%20pr%C3%A9sent

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Se trata de una tasa, indicada usualmente en forma porcentual, que expresa la preferencia de una sociedad en conjunto por los rendimientos presentes en lugar de los futuros y que, a veces, se propone como una tasa de actualización para el análisis de proyectos. En general, se considera que es menos que el costo de oportunidad del capital, que expresa una suma acumulada de preferencias temporales individuales porque la sociedad en conjunto tiene un horizonte cronológico más extenso que cualquiera de sus miembros.  1, record 1, Spanish, - tasa%20de%20preferencia%20temporal%20de%20la%20sociedad

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

Cost-benefit analysis typically is applied to problems that involve the dimension of time. Choices have to be made about whether to sacrifice consumption in one period in order to have more consumption in another. ... such choices could be made by applying an appropriate discount rate (a "social discount rate").  5, record 2, English, - social%20discount%20rate

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Le choix du taux d’actualisation public. [...] on étudie les effets [...] de politiques qui auraient pour résultats d’accroître l'investissement pendant une période, au détriment de la consommation, pour augmenter la production et la consommation future. On peut ainsi calculer [...] le taux marginal de substitution entre la consommation totale d’une année et celle de l'année suivante, c'est-à-dire les taux successifs de préférence collective pour le présent, ou taux d’actualisation.  1, record 2, French, - taux%20d%27actualisation%20public

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

... number, in the form of an interest rate, which expresses the individual's relative evaluation of future and current consumption. ... the larger the value of this subjective interest rate, the more highly is current consumption valued relative to future consumption.  3, record 3, English, - rate%20of%20time%20preference

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

Dès lorsqu'il n’ est plus déterminé univoquement par un marché financier parfait, le taux d’actualisation ne peut être fixé que par un choix raisonné. Il représente alors le taux de préférence pour le présent retenu par l'entreprise.  1, record 3, French, - taux%20de%20pr%C3%A9f%C3%A9rence%20pour%20le%20pr%C3%A9sent

Record 3,  Textual support,  Spanish