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Effects of a holiday trip on health and quality of life: evidence from a natural experiment in South Korea

Title
Effects of a holiday trip on health and quality of life: evidence from a natural experiment in South Korea
Author
박철성
Keywords
Quality of life; travel; social tourism; instrumental variable; natural experiment
Issue Date
2018-07
Publisher
ROUTLEDGE JOURNALS
Citation
APPLIED ECONOMICS, v. 50, no. 42, page. 4556-4569
Abstract
We examine whether having a holiday trip affects an individual's well-being, namely quality of life, health status, stress level and health behaviours. We use the two-stage estimation method to control for endogeneity of a travel experience, exploiting a natural experiment of distributing Travel Vouchers at random among qualified applicants in South Korea in 2012. We find that, for applicants whose decision to travel is influenced by receiving a voucher, a travel experience has no significant effects on the traveller's well-being measured 3-12months later. We also find that the OLS estimates overstate benefits of a travel.
URI
https://www.tandfonline.com/doi/full/10.1080/00036846.2018.1458194https://repository.hanyang.ac.kr/handle/20.500.11754/119525
ISSN
0003-6846; 1466-4283
DOI
10.1080/00036846.2018.1458194
Appears in Collections:
COLLEGE OF ECONOMICS AND FINANCE[S](경제금융대학) > ECONOMICS & FINANCE(경제금융학부) > Articles
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