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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.
    6. Kwok Pan Pang, 2014. "Impact of Socio-Demographics, Fuel Price and Airfare on the Domestic Overnight Travel Decision in Australia," Tourism Economics, , vol. 20(6), pages 1297-1318, December.
    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. 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.
    10. Juan L. Nicolau, 2010. "Anomaly in Spanish Tourist Sensitivity to Price," Tourism Economics, , vol. 16(4), pages 915-923, December.
    11. 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.
    12. 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).
    13. 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.
    14. 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.
    15. 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.
    16. Bernini, Cristina & Cracolici, Maria Francesca, 2015. "Demographic change, tourism expenditure and life cycle behaviour," Tourism Management, Elsevier, vol. 47(C), pages 191-205.
    17. 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.
    18. 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).
    19. 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.
    20. 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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