The limits of monetizing and paying for volunteering in eldercare

• Verfasst von: Kehl, Konstantin [VerfasserIn]
• Verfasst von: Stahlschmidt, Stephan [VerfasserIn]
• Titel: The limits of monetizing and paying for volunteering in eldercare
• Titelzusatz: a behavioral-economic approach
• Verf.angabe: Konstantin Kehl, Stephan Stahlschmidt
• E-Jahr: 2016
• Jahr: [2016]
• Jahr des Originals: 2015
• Umfang: 22 S.
• Fussnoten: Published online: 22 September 2015 ; Gesehen am 07.05.2020
• Schrift/Sprache: Mit Zusammenfassung in französischer, deutscher und spanischer Sprache
• Titel Quelle: Enthalten in: Voluntas
• Ort Quelle: Dordrecht [u.a.] : Springer Science + Business Media B.V., 1990
• Jahr Quelle: 2016
• Band/Heft Quelle: 27(2016), 2, Seite 768-789
• ISSN Quelle: 1573-7888
• DOI: doi:10.1007/s11266-015-9657-0
• Datenträger: Online-Ressource
• Sprache: eng
• K10plus-PPN: 1697705510

Abstract

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.