Earnings of hotel managers: comparing the human and social capital approach

Carlos Pestana Barros ^[2] ; Carlos M. Santos ^[1]
1. [1] Universidade dos Açores
  
  Universidade dos Açores
  
  Portugal
2. [2] Instituto de Economia e Gestao, Technical University of Lisbon, Lisbon, Portugal.
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 15, Nº. 1, 2009, págs. 87-103
Idioma: inglés
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Resumen
- This paper estimates a human capital model for hotel managers and compares the results with the social capital model, based on a questionnaire distributed in Portugal in 2003. The study disentangles the relative contributions of the two competing theories of earnings, the human capital and social capital theories, as applied to hotel managers. The authors conclude that hotel managers' earnings are a function of both theories. Policy implications are derived.