Valuation of Volunteer Work in Satellite Account of Non-Profit Institutions

9 Pages Posted: 29 Dec 2017

See all articles by Václav Rybáček

Václav Rybáček

Czech Statistical Office

Jitka Fořtová

Czech Statistical Office

Šárka Skaláková

Czech Statistical Office

Date Written: December 2, 2017

Abstract

Volunteer work constitutes an important input into the activities of non-profit institutions. However, in the core system of national accounts, volunteering falls outside the production boundary even if it leads to the production of services. By doing so, national accounts inevitably underestimates the contribution of non-profit institutions to the well-being. This shortcoming is overcome by the Satellite Account of Non-profit Institutions complementing and extending the concept of national accounts chiefly by incorporation of the value of volunteering and by full coverage of non-profit institutions classified in a number of economic sectors. This paper is an attempt to address the key issue that is the way of volunteer work´s valuation for analytical purposes. We will discuss different approaches to the valuation and their impact on key macroeconomic aggregates.

Keywords: non-profit institutions, volunteer work, valuation

JEL Classification: E23, E24, J30

Suggested Citation

Rybáček, Václav and Fořtová, Jitka and Skaláková, Šárka, Valuation of Volunteer Work in Satellite Account of Non-Profit Institutions (December 2, 2017). Available at SSRN: https://ssrn.com/abstract=3092686 or http://dx.doi.org/10.2139/ssrn.3092686

Václav Rybáček (Contact Author)

Czech Statistical Office ( email )

Na padesatem 81
Praha, 10000
Czech Republic

Jitka Fořtová

Czech Statistical Office

Na Padesátém 3268/81
100 00 Strašnice, Czechia
Prague
Czech Republic

Šárka Skaláková

Czech Statistical Office

Na Padesátém 3268/81
100 00 Strašnice, Czechia
Prague
Czech Republic

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