Volunteerism represents a highly relevant institution for developed as well as developing countries. The potentials ascribed to voluntary work include its capacity to support public social welfare functions, build social capital, and mitigate unemployment problems. This study investigates four core aspects pertaining to volunteerism, and volunteer labor supply in particular, from an economic perspective. These encompass the analysis of the rise of the institution volunteerism, the estimation of the economic impact of voluntary labor contributions, the exploration of the underlying reasons for...