carcass wrote:
When unemployment rates are high, people with full-time jobs tend to take fewer and shorter vacations. When unemployment rates are low, people tend to vacation more often and go away for longer periods of time. Thus, it can be concluded that full-time workers’ perceptions of their own job security influence the frequency and duration of their vacations.
The argument above assumes that
the people who take the longest vacations when unemployment rates are low have no fear of losing their jobs
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