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Holiday taking and income

Author

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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:

    1. repec:eee:touman:v:36:y:2013:i:c:p:480-489 is not listed on IDEAS
    2. 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).
    3. repec:eee:touman:v:48:y:2015:i:c:p:164-173 is not listed on IDEAS
    4. repec:eee:touman:v:31:y:2010:i:1:p:45-56 is not listed on IDEAS
    5. repec:eee:touman:v:31:y:2010:i:6:p:744-753 is not listed on IDEAS
    6. repec:eee:touman:v:47:y:2015:i:c:p:191-205 is not listed on IDEAS
    7. 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).
    8. 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.
    9. 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.
    10. repec:eee:touman:v:39:y:2013:i:c:p:37-49 is not listed on IDEAS

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