Holiday taking and income
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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Volume (Year): 35 (2003)
Issue (Month): 3 ()
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References listed on IDEAS
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- van Soest, Arthur & Kooreman, Peter, 1987.
"A Micro-econometric Analysis of Vacation Behaviour,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 2(3), pages 215-26, July.
- van Soest, A.H.O. & Kooreman, P., 1987. "A micro-econometric analysis of vacation behaviour," Other publications TiSEM def76375-5cc1-4fc9-8ee4-4, Tilburg University, School of Economics and Management.
- Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-94, July.
- Eymann, Angelika & Ronning, Gerd, 1997. "Microeconometric models of tourists' destination choice," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 735-761, November.
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