The limits of monetizing and paying for volunteering in eldercare: a behavioral-economic approach
The monetary value of informal eldercare in the family and voluntary sector has drawn much attention as it concerns a resource of welfare governments and nonprofit organizations try to activate via cash benefits. Studies addressing the issue in order to assess the economic impact of non-market activ...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
[2016]
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| In: |
Voluntas
Year: 2015, Volume: 27, Issue: 2, Pages: 768-789 |
| ISSN: | 1573-7888 |
| DOI: | 10.1007/s11266-015-9657-0 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1007/s11266-015-9657-0
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| Author Notes: | Konstantin Kehl, Stephan Stahlschmidt |
| Summary: | The monetary value of informal eldercare in the family and voluntary sector has drawn much attention as it concerns a resource of welfare governments and nonprofit organizations try to activate via cash benefits. Studies addressing the issue in order to assess the economic impact of non-market activities and the willingness to accept financial rewards have largely ignored differences in the utility function of caregivers. Applying a behavioral-economic approach, we report a profound and formerly unobserved distinction between care in the household and non-household care for a family member or in a voluntary framework: whereas caregivers within the household perceive care as a burden and a positive shadow price arises, in the non-household context—and particularly in the volunteering case-care extends well-being and leads to negative shadow prices. The results show that non-market activities can only be measured in monetary terms to a limited extent and contribute to explaining the boundaries of monetary incentive policies. |
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| Item Description: | Published online: 22 September 2015 Gesehen am 07.05.2020 |
| Physical Description: | Online Resource |
| ISSN: | 1573-7888 |
| DOI: | 10.1007/s11266-015-9657-0 |