The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons

Orlowski J, Wicker P (2015)
VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 26(6): 2671-2693.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Orlowski, Johannes; Wicker, PamelaUniBi
Abstract / Bemerkung
The purpose of this article is to provide a comprehensive comparison of different valuation approaches for estimating the monetary value of voluntary work both conceptually and empirically. This study adds to the literature by suggesting two approaches: (1) the leisure-adjusted opportunity cost approach (OCA), which corrects for voluntary work being a leisure substitute, is suggested as an alternative to the alternative-employment wage approach (AEWA). And (2) the volunteer judgment replacement wage approach (RWA), where volunteers state a wage rate that they consider adequate for the task they perform, is suggested as an alternative to the generic RWA. Using data on volunteers in German non-profit sports clubs (n = 566), the valuations show that the monetary value of 1 h of voluntary work is highest for the generic RWA (€14.27), followed by the AEWA (€14.03), the volunteer judgment RWA (€9.98), and the leisure-adjusted OCA (€1.78).
Stichworte
Voluntary work; Volunteers; Replacement cost; Opportunity cost; Monetization
Erscheinungsjahr
2015
Zeitschriftentitel
VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations
Band
26
Ausgabe
6
Seite(n)
2671-2693
ISSN
0957-8765
eISSN
1573-7888
Page URI
https://pub.uni-bielefeld.de/record/2942582

Zitieren

Orlowski J, Wicker P. The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations. 2015;26(6):2671-2693.
Orlowski, J., & Wicker, P. (2015). The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 26(6), 2671-2693. doi:10.1007/s11266-014-9542-2
Orlowski, J., and Wicker, P. (2015). The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 26, 2671-2693.
Orlowski, J., & Wicker, P., 2015. The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 26(6), p 2671-2693.
J. Orlowski and P. Wicker, “The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons”, VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, vol. 26, 2015, pp. 2671-2693.
Orlowski, J., Wicker, P.: The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations. 26, 2671-2693 (2015).
Orlowski, Johannes, and Wicker, Pamela. “The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons”. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 26.6 (2015): 2671-2693.

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