Economic Evaluation: The Effect of Money and Economics on Attitudes About Volunteering

32 Pages Posted: 3 Sep 2008 Last revised: 20 Oct 2013

See all articles by Jeffrey Pfeffer

Jeffrey Pfeffer

Stanford Graduate School of Business

Sanford E. Devoe

University of Toronto - Joseph L. Rotman School of Management

Date Written: August 1, 2008

Abstract

Recent research shows that hourly payment affects decisions about time use in ways that disfavor uncompensated activities such as volunteering. This paper extends that argument by showing that the activation of money and economics as aspects of a person's self-concept is one mechanism possibly producing these results. Study 1 showed that employed adults explicitly primed to think about their own time in terms of money were less willing to volunteer compared to those primed to think about another person's time in terms of money, illustrating the importance of the self-concept in the economic evaluation of time. Mediation analyses showed that participants' view of themselves as economic evaluators fully accounted for both the effect of the manipulation and variation in prior experience with hourly payment on willingness to volunteer. Study 2 showed the undergraduates supraliminally primed with either money or economic concepts were less willing to volunteer their time. The findings suggest that economic evaluation is one causal mechanism affecting attitudes about time use.

Keywords: human resources management

JEL Classification: M12

Suggested Citation

Pfeffer, Jeffrey and Devoe, Sanford E., Economic Evaluation: The Effect of Money and Economics on Attitudes About Volunteering (August 1, 2008). Stanford University Graduate School of Business Research Paper No. 1996, Available at SSRN: https://ssrn.com/abstract=1245262 or http://dx.doi.org/10.2139/ssrn.1245262

Jeffrey Pfeffer (Contact Author)

Stanford Graduate School of Business ( email )

655 Knight Way
Stanford, CA 94305-5015
United States

Sanford E. Devoe

University of Toronto - Joseph L. Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
177
Abstract Views
3,069
rank
235,214
PlumX Metrics