Retirement and household tourism consumption—A case study in China

Abstract

To date there has been little agreement on the effect of retirement on tourism consumption, and “retirement-tourism consumption puzzle” has not been empirically tested. Taking advantage of the mandatory retirement policy in China, this study adopts the fuzzy regression discontinuity design (RDD) approach to examine whether there is a “retirement-tourism consumption puzzle.” The findings indicate that the retirement of household heads significantly boosts household tourism consumption. The results also illustrate the considerable moderating effects of self-assessed health level and pension level on household tourism consumption. The research framework can be generalized to other countries to identify the effect of retirement on tourism consumption.

Exploring memorable tourism experiences of senior tourists: An embodied cognitive perspective

“…To develop a preliminary conceptual framework for SMTE, this study considers senior travelers as a homogeneous group, therefore, the variation in different types of senior tourists is neglected (Alen et al, 2017; Chen and Shoemaker, 2014). Tourism consumption may vary depending on their cultural environment, retirement, and other factors (Deng et al, 2022; Shafieizadeh et al, 2021), which may lead to performance differences in SMTEs. As an example, seniors entering retirement may not view travel as those who have adjusted to retirement life do.…”

How Do Information Sources Influence the Purchases of Tourism, Culture, and Entertainment? An Analysis of China Family Panel Studies Data

“…External factors: These include macroeconomic factors (e.g., economic recessions) (Papatheodorou & Pappas, 2017), environmental pollution (Zhou et al, 2019), vulnerability (Kusune, 2020), and sensitivity of tourism (Falk, 2015) that affect TCE consumption as well as labor income risk (Pereira, 2019), health risks (Carneiro & Euse´bio, 2019), and housing and commercial investment (Bohn, 2015). Some scholars emphasize that family age structure (Bernini & Cracolici, 2015), retirement (Deng et al, 2023), and economic uncertainty (Nguyen et al, 2022) have a significant effect on TCE consumption. Based on the absolute income and persistent income hypotheses (P. Zhang & Cao, 2022), others assert that increases in current and expected incomes, as well as expected and unexpected increases in asset prices (Lee & Kim, 2021), result in expanded household consumption of travel and culture.…”

High tide, low price? Flooding alerts and hotel prices in Venice

“…A key advantage of RDD is that it can control for confounding variables that might otherwise bias the results, making RDD particularly useful for studying interventions that are implemented abruptly. In the field of tourism research, RDD has been used very rarely, mainly to study policy interventions (in terms of changes in regional policy, O’Brochta 2017; Deng et al, 2019; market regulation in the Airbnb market, Koster et al, 2021; financial incentives to the tourism sector, Silva et al, 2023) or the impact of retirement on tourism consumption (Deng et al, 2022).…”