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

Adelaida Lillo-Bañuls and José M. Casado-Díaz
Authors registered in the RePEc Author Service: José Manuel Casado-Díaz

Tourism Economics, 2012, vol. 18, issue 6, 1229-1249

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.

Keywords: human capital; returns to education; gender differences; over-education; economic crisis; Spain (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:18:y:2012:i:6:p:1229-1249

DOI: 10.5367/te.2012.0171

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