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Rewards to Education in the Tourism Sector: One Step Ahead

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  • Adelaida Lillo-Bañuls
  • José M. Casado-Díaz

Abstract

The authors analyse private returns to education in the Spanish tourism sector – that is, the increase in salary associated with an additional year of study. Mincer-type functions are estimated, drawing on a large sample from the Spanish Survey on Working Conditions, which allows robust estimations. Unlike previous analyses, the existence of an ability bias is considered explicitly through the use of instrumental variables techniques. The results show that, contrary to previous estimates based on OLS, the estimated returns in the tourism sector are not significantly different from those of the Spanish economy as a whole. The authors also provide additional evidence on the heterogeneity that is apparent when the tourism sector workforce is disaggregated by age, sex and work experience.

Suggested Citation

  • Adelaida Lillo-Bañuls & José M. Casado-Díaz, 2010. "Rewards to Education in the Tourism Sector: One Step Ahead," Tourism Economics, , vol. 16(1), pages 11-23, March.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:1:p:11-23
    DOI: 10.5367/000000010790872033
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    References listed on IDEAS

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    1. Card, David, 2001. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," Econometrica, Econometric Society, vol. 69(5), pages 1127-1160, September.
    2. O. Ashenfelter & D. Card (ed.), 1999. "Handbook of Labor Economics," Handbook of Labor Economics, Elsevier, edition 1, volume 3, number 3.
    3. Andrés J. Marchante & Bienvenido Ortega & Ricardo Pagán, 2005. "Educational Mismatch and Wages in the Hospitality Sector," Tourism Economics, , vol. 11(1), pages 103-117, March.
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