Income Inequalities during the Post-covid Era in the Greek Tourism Industry
Income Inequalities during the Post-covid Era in the Greek Tourism Industry8

Author(s): Konstantinos Krikonis, Ioannis Konstantaras
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Oaxaca decomposition; Tourism wage model; Job location selection
Summary/Abstract: Tourism industry wages are dominated by seasonality, with no detailed key factors affecting monthly salary available for candidates and employers. Using Blinder-Oaxaca wage decomposition technique, the authors identified the impact of job location, education, gender and other factors within the Greek Tourism Industry during the summer season of 2023. Analyzing 600 job offers involving 2500 candidates and 320 companies, the paper provides a comprehensive dataset that can yield valuable insights into the dynamics of the market. The authors identified across-country income variations, based on geographic trends and emphasized the role of education. Based on the results, even though the pandemic has offered new job prospects, especially for female employees, the gender wage gap is still widely apparent in the industry. By exploring these aspects, this paper offers a nuanced understanding of salary variations providing valuable information for professionals making career decisions and businesses seeking to optimize their talent strategies.

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