Occupational differences in the return on human capital in the Spanish travel agency and hospitality industries

Authors: García Pozo, Alejandro; Marchante Mera, Andrés J.; Sánchez Ollero, José Luis

Source: Tourism Economics, Volume 17, Number 6, December 2011 , pp. 1325-1345(21)

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Abstract:

This study analyses the returns on human capital in the Spanish hospitality and travel agency industries across seven occupational categories by gender. It is motivated by evidence that there is great variation between jobs in this sector and that estimations of the rate of returns for each component of human capital for the entire sector may not be accurate. The main results indicate that the rates of return on human capital are lower in these industries for most occupations than in the private services sector. Given that differences in the returns on human capital components across occupational categories are statistically significant and large, then the relative weight of each segment within the aggregate may explain the results obtained in previous studies.

Document Type: Research article

DOI: http://dx.doi.org/10.5367/te.2011.0085

Publication date: 2011-12-01

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Tourism Economics, published bimonthly, is a peer-reviewed journal devoted to the economics and finance of tourism worldwide. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).

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Occupational differences in the return on human capital in the Spanish travel agency and hospitality industries

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