Salary scale under constant annual growth

Constructs salary scale factors \(s_k\) under a constant annual growth rate.

Usage

salary_scale(k, g, base_age = min(k), s_base = 1)

Arguments

k

Numeric vector of ages.

g

Annual salary growth rate.

base_age

Age at which the scale is normalized.

s_base

Salary scale value at base_age.

Value

Numeric vector of salary scale factors.

Examples

salary_scale(k = 30:34, g = 0.04, base_age = 30)
#> [1] 1.000000 1.040000 1.081600 1.124864 1.169859