Caring seems to be at odds with the simple model of economic agents as understood by the wider societal audience. However, care taking is a more and more popular field in economic analysis. A recent study in the Journal of Population Economics, the leading academic outlet in the field of population economics, is now establishing a volunteering premium. This implies that not only people care, it also pays to care.
Both authors, Stijn Baert & Sunčica Vujić, are Fellows of the Global Labor Organization (GLO), an international organization that supports academic international exchange and the work of the Journal of Population Economics. The article was just published in the new issue of the Journal of Population Economics, , Volume 31, Issue 3, pp 819–836:
Does it pay to care? Volunteering and employment opportunities
Stijn Baert & Sunčica Vujić
The GLO Fellows have investigated whether volunteering has a causal effect on individual employment opportunities. A field experiment is conducted in which volunteering activities are randomly assigned to fictitious job applications sent to genuine vacancies in Belgium. They find that volunteers are 7.3 percentage points more likely to get a positive reaction to job applications. The volunteering premium is higher for females but invariant with respect to the number of engagements.
- Baert: Ghent University, University of Antwerp, Université Catholique de Louvain, GLO and IZA, Ghent, Belgium
- Vujić: University of Antwerp and University of Bath, Antwerp, Belgium, and GLO
Klaus F. Zimmermann; Editor-in-Chief, Journal of Population Economics; President, GLO. The Global Labor Organization (GLO) supports the Journal of Population Economics.