The effect of housing wealth on tourism consumption in China: Age and generation cohort comparisons
Based on the theoretical framework of the life-cycle/permanent income model, an in-depth analysis on the effect of housing wealth on tourism consumption was conducted in this research, with a special focus on the conditional effects of age and cohort generations. Using the 2014–2016 Chinese Househol...
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| Veröffentlicht in: | Tourism economics : the business and finance of tourism and recreation 2020-03, Vol.26 (2), p.211-232 |
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| container_title | Tourism economics : the business and finance of tourism and recreation |
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| creator | Zuo, Bing Lai, Zhaoqi |
| description | Based on the theoretical framework of the life-cycle/permanent income model, an in-depth analysis on the effect of housing wealth on tourism consumption was conducted in this research, with a special focus on the conditional effects of age and cohort generations. Using the 2014–2016 Chinese Household Survey data, the study finds that a significant housing wealth effect on tourism consumption exists in China, which is more significant than income effects. The results also illustrate the considerable conditional effects of age and cohort generations on the housing wealth effect. Future studies should focus on the effect of housing wealth when forecasting tourist demand to avoid an estimation bias. In addition, age and cohort differences should also be emphasized in tourist studies. |
| doi_str_mv | 10.1177/1354816619861843 |
| format | Article |
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| ispartof | Tourism economics : the business and finance of tourism and recreation, 2020-03, Vol.26 (2), p.211-232 |
| issn | 1354-8166 2044-0375 |
| language | eng |
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| source | SAGE Complete A-Z List |
| subjects | Age Age determination Age differences Age factors Consumption Economic forecasting Estimation bias Forecasting Housing Income Life cycle analysis Tourism Wealth |
| title | The effect of housing wealth on tourism consumption in China: Age and generation cohort comparisons |
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