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From page 201... ... See American Time Use Survey demographic data, 52�54 Australia, 45, 76, 122, 154 measuring time use, 43�52 Australian Bureau of Statistics (ABS) , 45 overview of the national income and product accounts, 40�43 Accounting approaches, in the current B environment, 169�171 Accounts Balance-sheet accounts, 40 balance-sheet, 40 Bargaining power, 60 expanded set of, 2 BEA. Read the entire page →
From page 202... ... , 46�48, 51, of 2002 53, 126, 146�147, 160 Citizenship, personal habits of, 87 Civility, 87 Classification of goods and services, 25�26 D Cleaning services, 19 Cleanliness, 61�62. See also Home cleanliness; Data needs, 6�8 Outdoor cleaning for future environmental directions, 174� Cognitive skills, 115 175 current, 109 in the government and private nonprofit Collective goods, 141 sectors, 159�160 Comparability, across countries, 16 in health, 140 Competitive pressures, 24 Data needs in home production, 76�78 Compulsory schooling requirements, 106 input quantities and prices (time use) Read the entire page →
From page 203... ... , 164, Direct quantity-based index, 118 172�173 Disamenity costs, 116n Environmental resources, renewable, in Discrete choice model, 177 defining environment, 167�169 Disease-adjusted life years, 136 Estimation approaches and practice, in future "Disease state" approach, 3, 134 environmental directions, 171�173 Divorce rates, 79 Ethical conduct, value of, 87 Donated goods Euroqual-5D (five domains) , 136 in the government and private nonprofit Eurostat, 56 sectors, 153 Handbook, 121 recommendations for, 146 Experimental methods, 2�3, 20 Double-entry bookkeeping, 6, 26, 76, 161 Externalities, 26�27 implications of, 24�25 Down's syndrome, 90 Drinking, 129 F Drugs, new, 118, 120 "Family disintegration," 18 DVD players, 90 Family role in the production of human capital, 4, 79�92 E conceptual framework, 79�81 defining human capital, 81�83 Early Child Care Research Network, 83 family inputs to the development of Earnings, education's link to higher, 106 children's human capital, 88�90 Econometrics, 132 the human capital production function, Economic inequality, 13 83�88 Economic production, 1 valuing the time parents devote to children, Economic theory, 29 91�92 Economically valued nonmarket factors, 10 Federal efforts, 97 Education, 3, 80, 93�116 recommendations for, 164 conceptual framework for, 94�97 Federal Trade Commission, 55 inputs and outputs, market and nonmarket, 501(c) Read the entire page →
From page 204... ... , 45 Health-impairment approach, 134 Generalist approach, 102 Health research expenditures, as a percentage Generally accepted accounting principles of GDP, 121 (GAAP) , 158, 161 Health satellite accounts, 125 Genetic differences, 84 recommendations for, 118, 131 Giving and Volunteering Survey, 146 Health status, measuring, 133�137 Goods and services, classification of, 25�26 Healthy activities, recommendations for, 128 Government inputs Hedonic models, 114, 118, 174, 176�177 and market inputs, 97�99 High School and Beyond Survey, 112 recommendations for, 145 Home cleanliness, production function for, 61 Government satellite accounts, 161 Home-produced meals, in a household Government sector, 4, 141�162 production account, stylized account conceptual framework, 143�146 for, 60 data requirements, 159�160 Home production, 3, 55�78 donated goods, 153 data requirements, 76�78 measuring and valuing output in, 153�159 factory analogy, 59�62 volunteer labor, 146�152 measuring and valuing output of, 74�76 Grand Canyon, 34, 130 measuring inputs in, 63�68 Grants-in-aid, 97 valuing inputs of, 68�73 Great Depression, 14 Home production data needs, 76�78 Griliches, Zvi, 54, 153 input quantities and prices (time use) Read the entire page →
From page 205... ... , market and government inputs, 97�99 110, 114�115 national education expenses, 97�98 Internet, 57 nonmarket time inputs, 100�105 Investment, 94, 101, 111 Measuring and valuing inputs in health, 125� Investments families make, in preparing 131 children for the future, 4�5 Measuring and valuing output in education, IRS Form 990, 158�159 105�116 Italy, 154 housing value approach, 113�116 incremental earnings approach, 111�113 indicator approach, 107�111 J Measuring and valuing output in government and private nonprofit sectors, 153�159 Journal of Economic Perspectives, 157n value imputations, 158�159 zero price problem, 155�158 Read the entire page →
From page 206... ... See also National Health and Nutrition Examination Market and nonmarket factors Survey (NHANES) , 140 development of, 12 National health expenditures, 121 production, 21, 32 National Health Interview Survey, 140 recommendations for, 35, 37 National Health Interview Survey on Disability, in service-oriented areas, 8 126 Nonmarket satellite accounts, recommendations National income accountants, 75 for, 23 Read the entire page →
From page 207... ... , 45, 56, 81 conceptual framework, 143�146 "On call" schedules, 88 data requirements, 159�160 Opportunity-cost-based approach, 6, 30, 102 donated goods, 153 Opportunity costs measuring and valuing output in, 153�159 calculating, 32 volunteer labor, 146�152 non-negative, 103 Pro bono legal services, 147, 149�150 Organisation for Economic Co-operation and "Pro-social" preferences, 82 Development (OECD) , 63n, 154 Product accounts Aging-Related Diseases Study, 122 national, 40�43 Out-of-pocket expenditures, 88 overview of national, 40�43 Outdoor cleaning, example of valuing inputs of Productive capacity, 82 home production, 72�73 Productivity Output in education economic, 1 measuring and valuing, 105�116 estimating, 94 recommendations for, 116 for home cleanliness, 61 Output in government and private nonprofit in medical care, 117, 119 sectors, measuring and valuing, 153� trends in, 115 159 Productivity-equivalent replacement wage, Output in measuring and valuing health, 102�103 defining, 131�133 PSID. Read the entire page →
From page 208... ... See Goods and services for demographic data, 7�8, 53�54 Sex act, 63�64 for donated goods, 146 SF-36 questionnaire, 136 for an education satellite account, 97 Shadow wages, 160 for federal efforts, 164 Sleep, 63�64, 112, 128�129 for government inputs, 145 Smith, Adam, 93 for health satellite accounts, 118, 131 Smoking, 129 for healthy activities, 128 SNA. See System of National Accounts for a household production account, 64, 74� Social capital, 21, 34 76 Social scientists, encouraging in study of for nonmarket satellite accounts, 23 nonmarket activities, 10 for nonprofit economic activity, 145 Social welfare, contributions to, 1 for output in education, 116 "Soft skills," 82 for a replacement cost measure, 6, 32 South Africa, 155 for satellite accounts for household Specialist approach, 102 production, 73 Staged approach, 2 for statistical agencies, 4 Standardized tests, 114 for time inputs, 68, 71 Statistical agencies, recommendations for, 4 for time inputs to education, 103�105 Statistics Canada, 88 for time use patterns, 100 Subsoil resources, in defining environment, for unpaid time, 127 166�167 for volunteer labor, 152 Sweden, 110, 155 Regression discontinuity approach, 115 Symptoms, grading, 136 Reid, Margaret, 63 System of integrated environmental and Religious organizations, 87, 143 economic accounting (SEEA) Read the entire page →
From page 209... ... , 136 Unpriced labor time, 148 Youth sports organization, 33 Urban Institute, 146 National Center for Charitable Statistics, 159 Z Utility-based measures, 135 Zero price problem, 155�158 V Valuation issues, 34�36 Value imputations of, 158�159 of life, 177 of time inputs to education, 104 Read the entire page →

From page 201...

... See American Time Use Survey demographic data, 52�54 Australia, 45, 76, 122, 154 measuring time use, 43�52 Australian Bureau of Statistics (ABS) , 45 overview of the national income and product accounts, 40�43 Accounting approaches, in the current B environment, 169�171 Accounts Balance-sheet accounts, 40 balance-sheet, 40 Bargaining power, 60 expanded set of, 2 BEA.

Read the entire page →

From page 202...

... , 46�48, 51, of 2002 53, 126, 146�147, 160 Citizenship, personal habits of, 87 Civility, 87 Classification of goods and services, 25�26 D Cleaning services, 19 Cleanliness, 61�62. See also Home cleanliness; Data needs, 6�8 Outdoor cleaning for future environmental directions, 174� Cognitive skills, 115 175 current, 109 in the government and private nonprofit Collective goods, 141 sectors, 159�160 Comparability, across countries, 16 in health, 140 Competitive pressures, 24 Data needs in home production, 76�78 Compulsory schooling requirements, 106 input quantities and prices (time use)

Read the entire page →

From page 203...

... , 164, Direct quantity-based index, 118 172�173 Disamenity costs, 116n Environmental resources, renewable, in Discrete choice model, 177 defining environment, 167�169 Disease-adjusted life years, 136 Estimation approaches and practice, in future "Disease state" approach, 3, 134 environmental directions, 171�173 Divorce rates, 79 Ethical conduct, value of, 87 Donated goods Euroqual-5D (five domains) , 136 in the government and private nonprofit Eurostat, 56 sectors, 153 Handbook, 121 recommendations for, 146 Experimental methods, 2�3, 20 Double-entry bookkeeping, 6, 26, 76, 161 Externalities, 26�27 implications of, 24�25 Down's syndrome, 90 Drinking, 129 F Drugs, new, 118, 120 "Family disintegration," 18 DVD players, 90 Family role in the production of human capital, 4, 79�92 E conceptual framework, 79�81 defining human capital, 81�83 Early Child Care Research Network, 83 family inputs to the development of Earnings, education's link to higher, 106 children's human capital, 88�90 Econometrics, 132 the human capital production function, Economic inequality, 13 83�88 Economic production, 1 valuing the time parents devote to children, Economic theory, 29 91�92 Economically valued nonmarket factors, 10 Federal efforts, 97 Education, 3, 80, 93�116 recommendations for, 164 conceptual framework for, 94�97 Federal Trade Commission, 55 inputs and outputs, market and nonmarket, 501(c)

Read the entire page →

From page 204...

... , 45 Health-impairment approach, 134 Generalist approach, 102 Health research expenditures, as a percentage Generally accepted accounting principles of GDP, 121 (GAAP) , 158, 161 Health satellite accounts, 125 Genetic differences, 84 recommendations for, 118, 131 Giving and Volunteering Survey, 146 Health status, measuring, 133�137 Goods and services, classification of, 25�26 Healthy activities, recommendations for, 128 Government inputs Hedonic models, 114, 118, 174, 176�177 and market inputs, 97�99 High School and Beyond Survey, 112 recommendations for, 145 Home cleanliness, production function for, 61 Government satellite accounts, 161 Home-produced meals, in a household Government sector, 4, 141�162 production account, stylized account conceptual framework, 143�146 for, 60 data requirements, 159�160 Home production, 3, 55�78 donated goods, 153 data requirements, 76�78 measuring and valuing output in, 153�159 factory analogy, 59�62 volunteer labor, 146�152 measuring and valuing output of, 74�76 Grand Canyon, 34, 130 measuring inputs in, 63�68 Grants-in-aid, 97 valuing inputs of, 68�73 Great Depression, 14 Home production data needs, 76�78 Griliches, Zvi, 54, 153 input quantities and prices (time use)

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From page 205...

... , market and government inputs, 97�99 110, 114�115 national education expenses, 97�98 Internet, 57 nonmarket time inputs, 100�105 Investment, 94, 101, 111 Measuring and valuing inputs in health, 125� Investments families make, in preparing 131 children for the future, 4�5 Measuring and valuing output in education, IRS Form 990, 158�159 105�116 Italy, 154 housing value approach, 113�116 incremental earnings approach, 111�113 indicator approach, 107�111 J Measuring and valuing output in government and private nonprofit sectors, 153�159 Journal of Economic Perspectives, 157n value imputations, 158�159 zero price problem, 155�158

Read the entire page →

From page 206...

... See also National Health and Nutrition Examination Market and nonmarket factors Survey (NHANES) , 140 development of, 12 National health expenditures, 121 production, 21, 32 National Health Interview Survey, 140 recommendations for, 35, 37 National Health Interview Survey on Disability, in service-oriented areas, 8 126 Nonmarket satellite accounts, recommendations National income accountants, 75 for, 23

Read the entire page →

From page 207...

... , 45, 56, 81 conceptual framework, 143�146 "On call" schedules, 88 data requirements, 159�160 Opportunity-cost-based approach, 6, 30, 102 donated goods, 153 Opportunity costs measuring and valuing output in, 153�159 calculating, 32 volunteer labor, 146�152 non-negative, 103 Pro bono legal services, 147, 149�150 Organisation for Economic Co-operation and "Pro-social" preferences, 82 Development (OECD) , 63n, 154 Product accounts Aging-Related Diseases Study, 122 national, 40�43 Out-of-pocket expenditures, 88 overview of national, 40�43 Outdoor cleaning, example of valuing inputs of Productive capacity, 82 home production, 72�73 Productivity Output in education economic, 1 measuring and valuing, 105�116 estimating, 94 recommendations for, 116 for home cleanliness, 61 Output in government and private nonprofit in medical care, 117, 119 sectors, measuring and valuing, 153� trends in, 115 159 Productivity-equivalent replacement wage, Output in measuring and valuing health, 102�103 defining, 131�133 PSID.

Read the entire page →

From page 208...

... See Goods and services for demographic data, 7�8, 53�54 Sex act, 63�64 for donated goods, 146 SF-36 questionnaire, 136 for an education satellite account, 97 Shadow wages, 160 for federal efforts, 164 Sleep, 63�64, 112, 128�129 for government inputs, 145 Smith, Adam, 93 for health satellite accounts, 118, 131 Smoking, 129 for healthy activities, 128 SNA. See System of National Accounts for a household production account, 64, 74� Social capital, 21, 34 76 Social scientists, encouraging in study of for nonmarket satellite accounts, 23 nonmarket activities, 10 for nonprofit economic activity, 145 Social welfare, contributions to, 1 for output in education, 116 "Soft skills," 82 for a replacement cost measure, 6, 32 South Africa, 155 for satellite accounts for household Specialist approach, 102 production, 73 Staged approach, 2 for statistical agencies, 4 Standardized tests, 114 for time inputs, 68, 71 Statistical agencies, recommendations for, 4 for time inputs to education, 103�105 Statistics Canada, 88 for time use patterns, 100 Subsoil resources, in defining environment, for unpaid time, 127 166�167 for volunteer labor, 152 Sweden, 110, 155 Regression discontinuity approach, 115 Symptoms, grading, 136 Reid, Margaret, 63 System of integrated environmental and Religious organizations, 87, 143 economic accounting (SEEA)

Read the entire page →

From page 209...

... , 136 Unpriced labor time, 148 Youth sports organization, 33 Urban Institute, 146 National Center for Charitable Statistics, 159 Z Utility-based measures, 135 Zero price problem, 155�158 V Valuation issues, 34�36 Value imputations of, 158�159 of life, 177 of time inputs to education, 104

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Index Pages 201-210

Index
Pages 201-210