Let A and B be (not necessarily bounded) linear operators on a Banach lattice E such that |(s – B)-1x|≤ (s – A)-1|x| for all x in E and sufficiently large s ∈ R. The main purpose of this paper is to investigate the relation between the spectra σ(B) and σ(A) of B and A, respectively. We apply our results to study asymptotic properties of dominated C0-semigroups.