Leisure Expenditures of Retired and Near-Retired Households

Weagley, Robert O.; Huh, Eun-Jeong

doi:10.1080/00222216.2004.11950013

Cited by 39 publications

(38 citation statements)

References 14 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This so-called Tobit Type II (Amemiya, 1985) or Heckit model allows researchers to examine both the qualitative decision (here: spending or not spending additional travel time) and the quantitative decision (here: how much time should be spent travelling) separately. This means, contrary to Tobin's approach, that the coefficient is not constrained to be the same sign for both decisions (Weagley & Huh, 2004). Furthermore, zero observations do not have to be the result of corner solutions, which means that a sufficiently large change in explanatory variables would ultimately create positive travel time potential for any given individual (Verbeek, 2005).…”

Section: Data Restrictionmentioning

confidence: 94%

Travel Time Spending Behaviour in Recreational Sports: An Econometric Approach with Management Implications

Pawlowski

Breuer

Wicker

et al. 2009

European Sport Management Quarterly

View full text Add to dashboard Cite

The analysis of the economic determinants of participation in sports is considered to be a promising research topic in general. Although time is a constitutive part of sports consumption, there has been only limited empirical analysis of the determinants of time investments in recreational sports. This article focuses on revealing the determinants of sports consumers' travel time spending behaviour in recreational sports. The study is based on survey data from two studies, one in Stuttgart and the second in Cologne. By applying a Heckit model, several socio-demographic (e.g., gender, age) and involvement (e.g., frequency a sport is practised) variables influencing the sports consumers' travel time investments are detected. Practical implications with regard to sports facility management/planning (e.g., sports facility allocation as well as closure, relocation and renovation of existing sports facilities) are discussed.

show abstract

Section: Data Restrictionmentioning

confidence: 94%

Travel Time Spending Behaviour in Recreational Sports: An Econometric Approach with Management Implications

Pawlowski

Breuer

Wicker

et al. 2009

European Sport Management Quarterly

View full text Add to dashboard Cite

show abstract

“…This separates the spending decision into the stages of 'whether' and 'how much' to spend. This model has been used widely in different fields, such as the evaluation of public goods (Saz-Salazar and Rausell-Köster, 2008;López-Mosquera and Sánchez, 2011;Marzetti et al, 2011;Marzetti and Disegna, 2012), food expenditure (Newman and Matthews, 2001;Bai et al, 2010), analysis of consumption (Jones and Yen, 2000;Aristei and Pierani, 2008), and visitors' expenditure (Hong et al 1999;Weagley and Huh, 2004;Hong et al, 2005;Nicolau and Màs, 2005;Jang et al, 2007;Jang and Ham, 2009;Kim et al, 2010;Brida et al, 2012b). Cragg's (1971) approach estimates a probit model for the first stage, whereas a log-normal or truncated normal model is used for the amount of spending.…”

Section: Literature Reviewmentioning

confidence: 99%

Visitors to Two Types of Museums: Do Expenditure Patterns Differ?

2013

View full text Add to dashboard Cite

Abstract:The authors study the determinants of the expenditure behaviour of visitors to two types of museums. Ad hoc surveys were conducted between June and September 2011 of visitors to the South Tyrol Museum of Archaeology and the Museum of Modern and Contemporaneous Art of Trento and Rovereto (MART). These are the two principal museums in the Italian provinces of Bolzano and Trento. The double-hurdle model is used via the Heien and Wessels two-step estimator. This procedure splits the process of spending decision into the stages of 'selection' and 'outcome', and also results in consistent estimates. The findings highlight two distinct profiles. The spending of visitors to the modern art museum is positively related to its cultural interest, whereas the expenditure profile of the archaeological museum visitors is more 'generalist'.Keywords: visitors' expenditure; museums; double-hurdle model; spending behaviour C19; D12; L83 Museums are the most popular cultural attractions (McKercher, 2004), followed by art galleries and monuments. Their unique cultural role is built on the creation of new understandings of the past and the reaffirmation of an identity in time and space (McIntosh and Prentice, 1999), which is often unavailable elsewhere (Graburn, 1983(Graburn, , 1998Tufts and Milne, 1999). For a long time This research was supported by the Autonomous Province of Bolzano project 'Le attrazioni culturali e naturali come motore dello sviluppo turistico. Un'analisi del loro impatto economico, sociale e culturale', and by the Free University of Bolzano projects 'Determinants of tourist expenditure: theory and microeconometric models' and 'Museum visitors: a comparative socio-economic analysis'.

show abstract

“…Metric regressors using the amount of expenditures (Dardis et al, 1981;Fish and Waggle, 1996;Weagley and Huh, 2004) and total assets (Hong et al, 2005) were found to be significant and positively related to tourism expenditure. In particular Weagley and Huh (2004) used total expenditure as proxy of income. The study by Park and Chung (2009) on e-travellers made use instead of the internet connection speed that was in a non significant relation with the amount of spending.…”

Section: Assetsmentioning

confidence: 96%

“…The combination of market purchased goods and time generates the so called 'household production'. Among the others Weagley and Huh (2004) present a version of the framework where the utility is function of leisure and other household produced goods.…”

Section: Tourism Product and Expenditurementioning

confidence: 99%

“…Within this class of models two techniques were found in tourism literature. The first one is Cragg's (1971) two-part model used by Hong et al (1999) and Weagley and Huh (2004). The approach specifies a Probit model for the decision of spending or not, and models the remainder part as a lognormal or normal truncated distribution.…”

Section: Models For Metric Responsementioning

confidence: 99%

See 1 more Smart Citation

A Triple Hurdle Expenditure Analysis of U.S. Saltwater Recreational Fishing

Nain¹

2019

jeb

View full text Add to dashboard Cite

This paper presents a comprehensive review of the econometric approaches for the analysis of tourism expenditure at individual level. The attempt to consider only regression models is novel in literature. The paper resumes 86 papers and 354 estimates of econometric models from data at individual level, ranging from 1977 to the early 2012. Discussion focuses on models used, dependent variables, explanatory variables by category and their effect on expenditure. The most frequently used explanatory variables were income, socio-demographic and trip-related, and were tested mainly through classical regression techniques (OLS, quantile, Tobit and two-step, logistic). Future research directions should concern the exploration of new evidence through novel methodological techniques, a more extensive use of psychographic variables and a stronger relation to economic theory.

show abstract

Leisure Expenditures of Retired and Near-Retired Households

Cited by 39 publications

References 14 publications

Travel Time Spending Behaviour in Recreational Sports: An Econometric Approach with Management Implications

Travel Time Spending Behaviour in Recreational Sports: An Econometric Approach with Management Implications

Visitors to Two Types of Museums: Do Expenditure Patterns Differ?

A Triple Hurdle Expenditure Analysis of U.S. Saltwater Recreational Fishing

Contact Info

Product

Resources

About