论文信息 - Volunteer labor supply

Volunteer labor supply

Abstract We model the supply of volunteer labor, which received an explicit wage of zero. Quantitatively important, it constituted over 5 percent of the entire labor supply in the United States in 1980. Both consumption and investment models are considered - the former positing volunteering as an ordinary consumer good, while the latter posits it as a means of obtaining on-the-job experience. Empirical estimation, based on survey data, discloses statistically significant effects of price and income variables on the supply of volunteer labor.

Burton A. Weisbrod | P. Menchik | B. Weisbrod | Paul L. Menchik

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