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Holiday taking and income

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Author Info

  • Thanos Mergoupis
  • Max Steuer

Abstract

This paper is the first attempt to estimate the determinants of holiday-taking across several countries. To accomplish this a two-stage estimation procedure is employed which enables incongruous income categories to be transformed into a single income variable. It is found that in the mid-1980s there was a substantial similarity in the holiday taking behaviour of Europeans. The large national differences in holiday participation are explained by differences in income and demographic factors. A remarkable regularity in the responsiveness of the probability of holiday taking to marginal changes in income is found.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840210143071
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 35 (2003)
Issue (Month): 3 ()
Pages: 269-284

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Handle: RePEc:taf:applec:v:35:y:2003:i:3:p:269-284

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References

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  1. Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-94, July.
  2. Eymann, Angelika & Ronning, Gerd, 1997. "Microeconometric models of tourists' destination choice," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 735-761, November.
  3. Soest, A.H.O. van & Kooreman, P., 1987. "A micro-econometric analysis of vacation behaviour," Open Access publications from Tilburg University urn:nbn:nl:ui:12-365519, Tilburg University.
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Cited by:
  1. Francisco J. Mas & Juan Luis Nicolau, 2004. "A Random Parameter Logit Approach To The Two-Stage Tourist Choice Process: Going On Holidays And Length Of Stay," Working Papers. Serie AD 2004-46, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Joaquín Alegre & Llorenç Pou, 2006. "An Analysis of the Microeconomic Determinants of Travel Frequency," DEA Working Papers 18, Universitat de les Illes Balears, Departament d'Economía Aplicada.
  3. Francisco J. Mas & Juan Luis Nicolau, 2004. "Heckit Modelling Of The Two-Stage Tourist Choice Process: Going On Holiday And Tourism Expenditures," Working Papers. Serie EC 2004-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Cristina Bernini & Maria Francesca Cracolici, 2014. "Is Participation in Tourism Market an Opportunity for Everyone? Some Evidence from Italy," Working Papers 2014.17, Fondazione Eni Enrico Mattei.

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