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Holiday taking and income

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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.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840210143071

Affiliations: 1: School of Management and Economics, Queen's University, Belfast, BT7 1NN, UK 2: CPNSS, London School of Economics, London, UK

Publication date: January 1, 2003

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