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Holiday taking and income

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  • 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.

Suggested Citation

  • Thanos Mergoupis & Max Steuer, 2003. "Holiday taking and income," Applied Economics, Taylor & Francis Journals, vol. 35(3), pages 269-284.
    • Handle: RePEc:taf:applec:v:35:y:2003:i:3:p:269-284
    DOI: 10.1080/00036840210143071
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    References listed on IDEAS

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    1. 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 215-226, 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. Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-694, July.
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    Cited by:

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    2. Maria Gabriella Campolo & Carlo Giannetto & Maurizio Lanfranchi & Angelina De Pascale, 2024. "Navigating Time: A Comparative Analysis of Senior Tourists’ Intentions and Length of Stay in Italy Pre-, during, and Post-COVID-19," Sustainability, MDPI, vol. 16(3), pages 1-22, January.
    3. Alegre, Joaquín & Mateo, Sara & Pou, Llorenç, 2010. "An analysis of households' appraisal of their budget constraints for potential participation in tourism," Tourism Management, Elsevier, vol. 31(1), pages 45-56.
    4. Jaime Serra & Antónia Correia & Paulo M.M. Rodrigues, 2015. "Tourist Spending Dynamics in the Algarve: A Cross-Sectional Analysis," Tourism Economics, , vol. 21(3), pages 475-500, June.
    5. Joaquín Alegre & Sara Mateo & Llorenç Pou, 2009. "Participation in Tourism Consumption and the Intensity of Participation: An Analysis of Their Socio-Demographic and Economic Determinants," Tourism Economics, , vol. 15(3), pages 531-546, September.
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    7. Cristina Bernini & Maria Francesca Cracolici, 2016. "Is Participation in the Tourism Market an Opportunity for Everyone? Some Evidence from Italy," Tourism Economics, , vol. 22(1), pages 57-79, February.
    8. Juan Eugenio-Martin & Juan Campos-Soria, 2011. "Income and the substitution pattern between domestic and international tourism demand," Applied Economics, Taylor & Francis Journals, vol. 43(20), pages 2519-2531.
    9. Juan L. Nicolau, 2010. "Anomaly in Spanish Tourist Sensitivity to Price," Tourism Economics, , vol. 16(4), pages 915-923, December.
    10. Faruk Urak & Nihat Küçük & Abdulbaki Bilgiç & Steven T Yen, 2023. "Modeling censored tourism expenditures in Turkey with non-normal and heteroscedastic errors: An application of the inverse hyperbolic sine double-hurdle model," Tourism Economics, , vol. 29(3), pages 718-741, May.
    11. 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).
    12. Campos-Soria, Juan A. & Inchausti-Sintes, Federico & Eugenio-Martin, Juan L., 2015. "Understanding tourists' economizing strategies during the global economic crisis," Tourism Management, Elsevier, vol. 48(C), pages 164-173.
    13. Eugenio-Martin, Juan L. & Campos-Soria, Juan A., 2010. "Climate in the region of origin and destination choice in outbound tourism demand," Tourism Management, Elsevier, vol. 31(6), pages 744-753.
    14. Nguyen The Hien & Yen-Lun Su & Raksmey Sann & Le Thi Phuong Thanh, 2022. "Analysis of Online Customer Complaint Behavior in Vietnam’s Hotel Industry," Sustainability, MDPI, vol. 14(7), pages 1-15, March.
    15. Bernini, Cristina & Cracolici, Maria Francesca, 2015. "Demographic change, tourism expenditure and life cycle behaviour," Tourism Management, Elsevier, vol. 47(C), pages 191-205.
    16. Ibtisam Al Abri & Mariam Alkazemi & Waed Abdeljalil & Hala Al Harthi & Fatema Al Maqbali, 2023. "Attitudinal and Behavioral Loyalty: Do Psychological and Political Factors Matter in Tourism Development?," Sustainability, MDPI, vol. 15(6), pages 1-22, March.
    17. 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).
    18. 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.
    19. Alegre, Joaquín & Mateo, Sara & Pou, Llorenç, 2013. "Tourism participation and expenditure by Spanish households: The effects of the economic crisis and unemployment," Tourism Management, Elsevier, vol. 39(C), pages 37-49.

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