The effect of wealth effect and population aging on tourism expenditure

This research mainly explores the significance of tourism expenditure and wealth effect, and the relationship between tourism expenditure and age. Discuss that the increase in the overall wealth effect will increase spending on tourism for aging. This study uses the Quantile Regression model to anal...

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Bibliographic Details
Published in:Current issues in tourism 2022-06, Vol.25 (11), p.1852-1865
Main Authors: Chen, Tzong-Shyuan, Hwang, Min-Shiang, Chang, Yin-Ju
Format: Article
Language:English
Subjects:
Age
Aging
Agricultural economics
Agriculture
Empirical analysis
Expenditures
Farmworkers
Life cycle-permanent income hypothesis
population aging
quantile regression
Regression models
Tourism
tourism expenditure
wealth effect
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Summary:This research mainly explores the significance of tourism expenditure and wealth effect, and the relationship between tourism expenditure and age. Discuss that the increase in the overall wealth effect will increase spending on tourism for aging. This study uses the Quantile Regression model to analyze tourism expenditure behaviour. The empirical results found that in areas with lower average personal income, more agricultural workers may have a higher ratio of business assets allocating average total assets. Still, they are critical areas for tourism expenditure. Regarding the relationship between age and tourism expenditure, quantile expenditure has an inconsistent relationship with age, mid-to-high quantile expenditure has a positive relationship with age. In terms of high quantile expenditure, people over the age of 50 are the groups that spend more.
ISSN:1368-3500
1747-7603
DOI:10.1080/13683500.2021.1937959