Measuring the Economic Value of Volunteer Work Globally - Concepts, Estimates, and a Roadmap to the Future (2011) « Authored Articles « Articles « News, Articles, Presentations, etc. « Downloads
|Date posted||September 1, 2011|
|Categories||Authored Articles, Articles, Volunteer Measurement Publications, News, Articles, Presentations, etc., International Publications|
|Tags||volunteer rates, volunteer, volunteering|
Annals of Public and Cooperative Economics Vol. 82, No. 3 | Lester M. Salamon, S. Wojciech Sokolowski, and Megan Haddock.
Explores alternative approaches for measuring the economic value of volunteer work, develops a methodology for producing global estimates of this value using existing data sources, and identifies a new data source that promises to yield significantly improved data on which to base such estimates in the future at both the global and national levels. Different approaches to valuation, including the replacement cost, opportunity cost, and social benefits approaches and both observed and reported market proxies, are examined. The article concludes by discussing the International Labour Organization Manual on the Measurement of Volunteer Work that adopts the basic method for defining and valuing volunteer work outlined here and promises to generate a much more robust and coherent body of data on volunteer work than has ever been available both globally and nationally. The Center is grateful to the Annals of Public and Cooperative Economics for granting permission to post this article.