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Individual Returns to Education in the Spanish Tourism Sector during the Economic Crisis

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

Abstract

This paper analyses individual returns to education in the Spanish tourism sector. The results, which are robust to different specifications of Mincer earnings regressions, show that the earnings returns to schooling for tourism workers are only half those for all other sectors, and that the difference in returns between these two groups has increased significantly during the economic crisis. This has happened at a time when the earnings range between those with lower and higher qualifications has narrowed in tourism while it has remained stable in other sectors, and when tourism has been capable of retaining most of its workforce while the rest of the economy has experienced a sharp decrease in employment.

Suggested Citation

  • Adelaida Lillo-Bañuls & José M. Casado-Díaz, 2012. "Individual Returns to Education in the Spanish Tourism Sector during the Economic Crisis," Tourism Economics, , vol. 18(6), pages 1229-1249, December.
    • Handle: RePEc:sae:toueco:v:18:y:2012:i:6:p:1229-1249
    DOI: 10.5367/te.2012.0171
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    References listed on IDEAS

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    1. Adriana Di Liberto, 2013. "High skills, high growth: Is tourism an exception?," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 22(5), pages 749-785, August.
    2. Ammermueller, Andreas & Kuckulenz, Anja & Zwick, Thomas, 2009. "Aggregate unemployment decreases individual returns to education," Economics of Education Review, Elsevier, vol. 28(2), pages 217-226, April.
    3. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    4. 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.
    5. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    6. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    7. Rinaldo Brau & Alessandro Lanza & Francesco Pigliaru, 2007. "How Fast are Small Tourism Countries Growing? Evidence from the Data for 1980–2003," Tourism Economics, , vol. 13(4), pages 603-613, December.
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