caa a22 4500 606151842 CHVBK 20210128100546.0 cr unu---uuuuu 210128e20151201xx s 000 0 eng 10.1007/s11266-014-9542-2 doi (NATIONALLICENCE)springer-10.1007/s11266-014-9542-2 The Monetary Value of Voluntary Work: Conceptual and Empirical Comparisons [Elektronische Daten] [Johannes Orlowski, Pamela Wicker] The purpose of this article is to provide a comprehensive comparison of different valuation approaches for estimating the monetary value of voluntary work both conceptually and empirically. This study adds to the literature by suggesting two approaches: (1) the leisure-adjusted opportunity cost approach (OCA), which corrects for voluntary work being a leisure substitute, is suggested as an alternative to the alternative-employment wage approach (AEWA). And (2) the volunteer judgment replacement wage approach (RWA), where volunteers state a wage rate that they consider adequate for the task they perform, is suggested as an alternative to the generic RWA. Using data on volunteers in German non-profit sports clubs (n=566), the valuations show that the monetary value of 1h of voluntary work is highest for the generic RWA (€14.27), followed by the AEWA (€14.03), the volunteer judgment RWA (€9.98), and the leisure-adjusted OCA (€1.78). International Society for Third-Sector Research and The Johns Hopkins University, 2014 Voluntary work nationallicence Volunteers nationallicence Replacement cost nationallicence Opportunity cost nationallicence Monetization nationallicence Orlowski Johannes Department of Sport Economics and Sport Management, German Sport University Cologne, Am Sportpark Muengersdorf 6, 50933, Cologne, Germany aut Wicker Pamela Department of Sport Economics and Sport Management, German Sport University Cologne, Am Sportpark Muengersdorf 6, 50933, Cologne, Germany aut VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations Springer US; http://www.springer-ny.com 26/6(2015-12-01), 2671-2693 0957-8765 26:6<2671 2015 26 11266 https://doi.org/10.1007/s11266-014-9542-2 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11266-014-9542-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Orlowski Johannes Department of Sport Economics and Sport Management, German Sport University Cologne, Am Sportpark Muengersdorf 6, 50933, Cologne, Germany aut NATIONALLICENCE 700 1- Wicker Pamela Department of Sport Economics and Sport Management, German Sport University Cologne, Am Sportpark Muengersdorf 6, 50933, Cologne, Germany aut NATIONALLICENCE 773 0- VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations Springer US; http://www.springer-ny.com 26/6(2015-12-01), 2671-2693 0957-8765 26:6<2671 2015 26 11266