Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311957 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17518
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We analyze the impact of tourist flows on local labor markets, following a novel identification strategy that uses temporary shocks in alternative international destinations to instrument for tourism flows across Spanish regions. We find that a one standard deviation increase in tourist inflows leads to a 1 percentage-point increase in employment in the tourism industry and in other services, but it does not increase total employment, labor force participation, or wages in local economies. Instead, the positive impact on services is compensated by a fall in employment in other industries, most notably manufacturing.
Subjects: 
employment
tourism
local labor markets
shift-share
terrorism
Spain
JEL: 
J21
Document Type: 
Working Paper

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