In many sectors of the economy, governments either provide various services at no cost or at highly subsidized prices. Examples are the health, education and general government sectors. The System of National Accounts 1993 recommends valuing these nonmarket outputs at their costs of production...

How does time off from work affect an individual’s job prospects? A study by CLSRN affiliates Kory Kroft (University of Toronto), Fabian Lange (McGill University) and Matthew J. Notowidigdo (University of Chicago) entitled “Duration Dependence and Labor Market Conditions: Theory and...

In many sectors of the economy, governments either provide various services at no cost or at highly subsidized prices. Examples are the health, education and general government sectors. The paper analyzes three possible general methods to measure the price and quantity of nonmarket government...