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Earnings of Hotel Managers: Comparing the Human and Social Capital Approach

Author

Listed:
  • Carlos Pestana Barros

    (Instituto de Economia e Gestao, Technical University of Lisbon, Rua Miguel Lupi 20, 1249-078 Lisbon, Portugal)

  • Carlos M. Santos

    (University of Azores, Rua da Mãe de Deus 58, 9501-801 Ponta Delgada, Azores, Portugal)

Abstract

This paper estimates a human capital model for hotel managers and compares the results with the social capital model, based on a questionnaire distributed in Portugal in 2003. The study disentangles the relative contributions of the two competing theories of earnings, the human capital and social capital theories, as applied to hotel managers. The authors conclude that hotel managers' earnings are a function of both theories. Policy implications are derived.

Suggested Citation

  • Carlos Pestana Barros & Carlos M. Santos, 2009. "Earnings of Hotel Managers: Comparing the Human and Social Capital Approach," Tourism Economics, , vol. 15(1), pages 87-103, March.
    • Handle: RePEc:sae:toueco:v:15:y:2009:i:1:p:87-103
    DOI: 10.5367/000000009787536762
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    References listed on IDEAS

    as
    1. Joop Hartog & Pedro Pereira & Jose Vieira, 2001. "Changing returns to education in Portugal during the 1980s and early 1990s: OLS and quantile regression estimators," Applied Economics, Taylor & Francis Journals, vol. 33(8), pages 1021-1037.
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    4. Orley Ashenfelter & Colm Harmon & Hessel Oosterbeek, 1999. "A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias," Working Papers 804, Princeton University, Department of Economics, Industrial Relations Section..
    5. Ashenfelter, Orley & Harmon, Colm & Oosterbeek, Hessel, 1999. "A review of estimates of the schooling/earnings relationship, with tests for publication bias," Labour Economics, Elsevier, vol. 6(4), pages 453-470, November.
    6. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    7. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, May.
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    9. repec:fth:prinin:425 is not listed on IDEAS
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    Cited by:

    1. Casado-Díaz, José M. & Simón, Hipólito, 2016. "Wage differences in the hospitality sector," Tourism Management, Elsevier, vol. 52(C), pages 96-109.

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