Search

Which and how many covariates are relevant to educational hypergamy in the matching market? We address these questions using a Lasso quantile regression framework applied on a unique survey containing information with respect to education or other characteristics associated with economic well-being. Our findings provide evidence for the end of hypergamy as we show that females tend to reduce the educational gap in their preferences for selecting a partner. [ABSTRACT FROM AUTHOR]

A firm would like to know which factors are the most significant for its revenue growth and this can be a very complex problem to solve since revenue determinants can be identified by literature to be a plethora of variables. The paper provides the methodology for pinpointing the most important revenue determinants for tourism accommodation establishments. Specifically, it aims to provide insight into revenue determinants of hotels and tourist accommodation establishments specializing in alternative tourism in a land-lock region of Northwestern Greece using the LASSO method on questionnaire data. LASSO presents many advantages for estimating tourism models with many possible determinants with a data-driven procedure for the selection of variables. Results suggest that tourists visiting the region, have strong preferences for traditional hostels of very high quality with investments in accessible tourism. Also, important determinants of revenue growth are the existence of a restaurant, playground, fitness centre, souvenir shop, the number of employees, and the human capital of the establishments. The method can be used as a yardstick in studies for other alternative tourism regions, for exhibiting the factors determining revenues. [ABSTRACT FROM AUTHOR]

In this article, we examine the relationship between inbound tourism and exports in Singapore. We address whether there is a long-run relationship between exports and tourism and the direction of causality between these two variables. Our findings suggest a long-run relation between Singapore's exports and inbound tourism and that the causation is bidirectional. This implies that inbound tourism in Singapore results in a higher demand for its domestic products. This increased demand for Singaporean products, in turn, acting as a positive advertising campaign in favor of Singapore, promotes inbound tourism to this country. The policy implication of these findings is twofold. First, inbound tourism in Singapore not only contributes directly to GDP, employment, and the current account via tourism revenues but also by stimulating exports it improves further the current account of Singapore. Secondly, the stimulation of exports induced by inbound tourism creates favorable sustainability conditions for the entire tourism sector. however, one should be cautious that this effect is taking more than 9 months to materialize and that inbound tourism may initially have a negative impact effect on Singapore's exports as the overtime effect of tourism on exports exhibits a J -curve behavior. [ABSTRACT FROM AUTHOR]

We examine gender wage gap (GWG) in Greece for 2013, by using a survey data set. Our findings show first, that the unadjusted GWG is 15.3%, while European Commission reports a value of 15%. Secondly, we derive the 'adjusted' GWG, using the Oaxaca and Ransom (OR) and the Juhn, Murphy and Pierce (JMP) methods to be ranging from 10% to 13.6%. Thirdly, looking into the behaviour of the full population, we find a decreasing trend for the discrimination effects, an increasing trend for the residuals effects and a 'random' endowments effects while moving to higher deciles. These three effects are associated to the economic crisis 2008-2015. Fourthly, our findings do not show evidence of either a 'glass ceiling' effect or a 'sticky floor' effect. Finally, that there is strong evidence that investing in higher education reduces the wage discrimination between sexes. [ABSTRACT FROM AUTHOR]