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Recessions and resorts: How macroeconomic decline affects ski resort economies

Abstract

This thesis is a study of the economies of ski resort towns before, during, and after economic recessions, in particular the Great Recession of the U.S. Ski resort towns often have limited (and relatively expensive) housing, which threatens these economics because of the heavy reliance on a large service-based workforce. This study compares small ski resort towns and rural non-resort towns using median home values as the dependent variable. The data was analyzed using ordinary least squares regression. This study aims determine how the housing situation in resort communities changes during times of economic decline and times of economic growth.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College. Colorado College Honor Code upheld.