Individual returns to education in the Spanish tourism sector during the economic crisis

Adelaida Lillo Bañuls ^[1] ; José M. Casado Díaz ^[1]
1. [1] Universitat d'Alacant
  
  Universitat d'Alacant
  
  Alicante, España
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 18, Nº. Extra 6, 2012 (Ejemplar dedicado a: Developments in the field of tourism economics), págs. 1229-1249
Idioma: inglés
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Resumen
- 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.