The Payoff to Work without Pay: Volunteer Work as an Investment in Human Capital
AbstractDespite the widespread belief that volunteer work enhances an individual's employment prospects, the hypothesis that volunteer work increases one's earnings has never been empirically verified. Using a recent Canadian data set, the authors test this hypothesis by estimating human capital earnings equations that include dummy variables representing to distinguish volunteers from nonvolunteers. The results suggest that the return to volunteering amounts to 6-7 percent of annual earnings.
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Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 31 (1998)
Issue (Month): 5 (November)
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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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Other versions of this item:
- Day, K.M. & Devlin, R.A., 1993. "The Payoff to Work without Pay: Volunteer Work as an Investment in Human Capital," Working Papers 9310e, University of Ottawa, Department of Economics.
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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