TAILIEUCHUNG - Measuring the Subjective Well-Being of Nations: National Accounts of Time Use and Well-Being

Because of the primary character of biomass ecosystem production and the comprehensive coverage of carbon/biomass accounts, they play a central role in ecosystem capital accounts. Carbon/ biomass is the primary service expected from the ecosystem, under the constraint of sustainable supply of water (for human use and the ecosystem itself) as well as sustainability of all the regulating (water regulation, assimilation of residuals, habitat regulation, pollination) and socio-cultural services which are produced. Carbon/biomass use and ownership can also be detailed by economic sectors, which is done in another part of the SEEA, so-called the 'supply and use tables' and 'asset accounts'. Carbon/biomass can in that way be brought together with the SNA tables in money terms. | This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title Measuring the Subjective Well-Being of Nations National Accounts of Time Use and Well-Being Volume Author Editor Alan B. Krueger editor Volume Publisher University of Chicago Press Volume ISBN 0-226-45456-8 Volume URL http books krue08-1 Conference Date December 7-8 2007 Publication Date October 2009 Title National Time Accounting The Currency of Life Author Alan B. Krueger Daniel Kahneman David Schkade Norbert Schwarz Arthur A. Stone URL http chapters c5053 1 National Time Accounting The Currency of Life Alan B. Krueger Daniel Kahneman David Schkade Norbert Schwarz and Arthur A. Stone Time is the coin of your life. It is the only coin you have and only you can determine how it will be spent. Be careful lest you let other people spend it for you. Carl Sandburg Introduction The development of the National Income and Product Accounts NIPA was arguably the foremost contribution of economics in the last century and the National Bureau of Economic Research s role in developing the accounts remains an unparalleled achievement. Nearly every country tracks its national income today and limiting fluctuations in national income is a goal of public policy around the world. The National Accounts have been used to estimate bottlenecks in the economy to forecast business growth and to inform government As then-Treasury Secretary Robert Rubin said the development of the GDP measure by the Department of Alan B. Krueger is the Bendheim Professor of Economics and Public Policy at Princeton University. Daniel Kahneman is a senior scholar and professor of psychology and public affairs emeritus at the Woodrow Wilson School of Public and International Affairs and the Eugene Higgins Professor of Psychology Emeritus Princeton University. David Schkade holds the Jerome S. Katzin Endowed Chair and is associate dean and a professor of management

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