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- Title
The economic return on education for hotel managers.
- Authors
Barros, Carlos Pestana; Santos, Carlos M.
- Abstract
This paper estimates econometrically the economic return on education among Portuguese hotels managers, based on a survey carried out in 2003. A Mincerian human capital model is estimated. The main findings indicate that the rate of return is in the range 12–15%, signifying that Portuguese hotel managers are better paid than the average population. The results also indicate that in this sector, the return on education does not depend on the number of employees in the hotels in which the individual works, nor on the region where the hotel is situated. Gender has an impact in this labour market. Being a foreign manager has a positive impact on earnings, as is also the case for partners in the hotel company. The research draws the attention of hotel managers to the need to acquire human capital to enable them to perform their tasks effectively in a globalised world.
- Subjects
PORTUGAL; HOTEL management education; HOTELKEEPERS; HOSPITALITY industry management; EMPLOYMENT of college graduates; HOTEL personnel management; HIGHER education; POSTSECONDARY education; LABOR market; ECONOMICS
- Publication
International Journal of Tourism Research, 2007, Vol 9, Issue 2, p103
- ISSN
1099-2340
- Publication type
Article
- DOI
10.1002/jtr.596