“…Do it with joy!” – Subjective well-being outcomes of working in non-profit organizations |
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| Institution: | 1. University of Bergamo and SKOPE, Via dei Caniana, 2 24127 Bergamo, Italy;2. University of Bergamo, Via dei Caniana, 2 24127 Bergamo, Italy;3. University of Bergamo and IZA, Via dei Caniana, 2 24127 Bergamo, Italy;1. Department of Accountancy and Information Systems, Villanova University, United States;2. School of Accounting, Florida International University, United States;1. Department of Finance, College of Business Administration, San Diego State University, 5500 Campanile Drive, SSE 3306, San Diego, CA 92182-8236, USA;2. Department of Marketing, College of Business Administration, San Diego State University, 5500 Campanile Drive, SSE 3131, San Diego, CA 92182-8239, USA;1. Business School, Beijing Normal University, Beijing 100875, China;2. Department of Economics, University of Zurich, CH-8001 Zurich, Switzerland |
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| Abstract: | Working in non-profit organizations has been shown to be good for individuals’ satisfaction with their jobs despite lower incomes. This paper explores the impact of non-profit work on life satisfaction more general for the British Household Panel Survey (BHPS) and finds a significant positive impact the size about more than a fourth of that of getting widowed. This effect is quite uniform across the subjective well-being distribution, and thus exists also for those who are already happy. Shadow prices peg this effect at around 22,000 GBP p.a., the average amount of equivalent net household income in the sample analyzed (which is roughly 27,000 GBP p.a.). The positive effect can be explained by third sector workers enjoying their day-to-day activities more, being (affectively) happier and feeling that they are playing a useful role in their lives. |
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| Keywords: | Subjective well-being Non-profit organization Life satisfaction BHPS Job satisfaction |
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