Effects of a holiday trip on health and quality of life: evidence from a natural experiment in South Korea

Sangkon Park, Cheolsung Park and Changhui Kang ()

Applied Economics, 2018, vol. 50, issue 42, 4556-4569

Abstract: We examine whether having a holiday trip affects an individual’s well-being, namely quality of life, health status, stress level and health behaviours. We use the two-stage estimation method to control for endogeneity of a travel experience, exploiting a natural experiment of distributing Travel Vouchers at random among qualified applicants in South Korea in 2012. We find that, for applicants whose decision to travel is influenced by receiving a voucher, a travel experience has no significant effects on the traveller’s well-being measured 3–12 months later. We also find that the OLS estimates overstate benefits of a travel.

Date: 2018
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DOI: 10.1080/00036846.2018.1458194

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