DOI: 10.68479/001c.173255 ISSN: 2376-5003
Economic Geography of AI Skill Demand: Evidence from U.S. Job Postings
Andrew Crawley, Elinor Hunt, Todd GabeVolunteer labor plays a critical role in supporting nonprofit organizations, prompting nonprofit scholars to develop various methods for quantifying the monetary value of volunteer hours. Unfortunately, this monetary valuation has been inappropriately extended into regional input-output models, creating highly exaggerated economic outputs. This Economic Letter shows how treating non-monetized hours as direct sales, output, or labor income generates phantom secondary spending and overstates economic impact. We argue that economists must isolate non-market civic contributions from actual regional cash flows, applying impact models strictly to observable shifts in market transactions, cost savings, and disposable income.