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This paper provides new evidence on how intergenerational income inequality evolves during the period 2005–2019. Using the Continuous Sample of Working Histories (CSWH), which includes administrative data about working lives and personal characteristics of Spanish workers, we shed light on the effect of the Great Recession on income inequality between cohorts in Spain. As a proxy of income, we employ monthly earnings data, provided by the CSWH. From a life course approach, we use two age-period-cohort (APC) models which allow us to separately identify three components: cohort, age and period effects. First, we examine relative earnings which will reveal whether there are income differences between generations. Second, we measure how absolute earnings have developed over time. Our results suggest that some generations are more disadvantaged in terms of income by their year of birth than others. Likewise, the evidence points out that the economic context experienced by a generation in their transition to the labour market is a key factor in the development of their income.

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Purpose This paper aims to examine hotel guests’ satisfaction relative to room rates paying attention to the heterogeneity in the scale of satisfaction scores. Design/methodology/approach This paper studies guests’ post-purchase hotel evaluation using survey data from a sample of 14,879 tourists visiting a Northern Spanish region. This study estimates a Heteroskedastic Ordered Probit model in which both “cognitive” and “emotional” components of satisfaction are modelled. The model allows us to control for heterogeneity in the scale of the latent satisfaction scores. Findings This paper finds that satisfaction relative to rates (value for money) decreases with expenditure per person and day. Interestingly, this negative relationship mainly holds for those who do not prioritize prices at the time of choosing the hotel. Positive first impressions are positively associated with higher satisfaction. In addition, this study finds that the emotional component of satisfaction increases with hotel quality and hiring a full board, being also greater among women and elderly people. Originality/value Instead of using an overall measure of satisfaction, this paper uses one that gathers how the tourist assesses satisfaction in relation to cost (value for money).

This paper studies potential gender differences in overeducation prevalence among recent highly educated entrants to the labour market and in its underlying drivers. Using representative microdata on university graduates in Spain in the academic year 2009/2010 observed in 2014, we analyse whether males and females exhibit distinct overeducation likelihoods, distinguishing between graduates below and above 30 years of age. First, we use matching estimators based on characteristics. Next, we estimate a Heckman probit regression with interactions between the gender indicator and graduates’ characteristics to study differences between males and females in the overeducation drivers. We focus on the effects of pre- and post-graduation mobility, pre- and post-graduation labour experience, on-the-job training, first job search strategies, the field of knowledge, and English language on the probability of being overeducated. We find evidence that males and females do not exhibit different overeducation risks conditional on characteristics. In general, educational credentials that act as signals of human capital are not found to be differently valued by gender.