Abstract
The paper discusses a major project to introduce imputed values of environmental services into the national accounts. After a short discussion of how the project relates to the social measurement research underway at the National Bureau of Economic Research, the accounting principles are briefly presented. Preliminary accounting data, as well as the results of a study of the distribution of air pollution damage, which relied on these data, are also presented. The paper includes a brief discussion of the policy and research implications suggested by these preliminary results. Finally, the paper closes with a technical appendix demonstrating that a sector's contribution to air pollution emissions may be a poor indicator of its contribution to social damage.
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