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The Dynamics of Household Travel Time Expenditures and Car Ownership Decisions

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  • Golob, Thomas F.

Abstract

A dynamic (panel data) structural equations model is developed that links four dependent travel behavior variables at two points in time, one year apart. The four dependent variables are: car ownership, travel time per week by car, travel time by public transit, and travel time by nonmotorized modes. Exogenous variables include 13 household characteristics and variables accounting for period effects over the 1985 to 1987 time frame in the Netherlands. The model treats car ownership as ordered-response probit variables and all travel times as censored (tobit) continuous variables. The model accounts for serially-correlated errors and panel conditioning biases. Results are interpreted in terms of recommendations for forecasting procedures.

Suggested Citation

  • Golob, Thomas F., 1990. "The Dynamics of Household Travel Time Expenditures and Car Ownership Decisions," University of California Transportation Center, Working Papers qt2t18b4q9, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt2t18b4q9
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    References listed on IDEAS

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    1. Golob, Thomas F. & Van Wissen , Leo, 1989. "A Joint Household Travel Distance Generation and Car Ownership Model," University of California Transportation Center, Working Papers qt16h8h2gh, University of California Transportation Center.
    2. Amemiya, Takeshi, 1973. "Regression Analysis when the Dependent Variable is Truncated Normal," Econometrica, Econometric Society, vol. 41(6), pages 997-1016, November.
    3. Golob, Thomas F. & van Wissen, Leo, 1989. "A joint household travel distance generation and car ownership model," Transportation Research Part B: Methodological, Elsevier, vol. 23(6), pages 471-491, December.
    4. Golob, Thomas F. & Beckmann, Martin J. & Zahavi, Yacov, 1981. "A utility-theory travel demand model incorporating travel budgets," Transportation Research Part B: Methodological, Elsevier, vol. 15(6), pages 375-389, December.
    5. Golob, Thomas F. & Van Wissen, Leo, 1989. "A Joint Household Travel Distance Generation And Car Ownership Model," University of California Transportation Center, Working Papers qt72h4k912, University of California Transportation Center.
    6. van Wissen, Leo J. & Golob, Thomas F., 1990. "Simultaneous Equation Systems Involving Binary Choice Variables," University of California Transportation Center, Working Papers qt5t28k04n, University of California Transportation Center.
    7. Meurs, Henk & Van Wissen, Leo & Visser, Jacqueline, 1989. "Measurement Biases in Panel Data," University of California Transportation Center, Working Papers qt00q1x266, University of California Transportation Center.
    8. Fair, Ray C, 1977. "A Note on the Computation of the Tobit Estimator," Econometrica, Econometric Society, vol. 45(7), pages 1723-1727, October.
    9. Bentler, P. M., 1983. "Simultaneous equation systems as moment structure models : With an introduction to latent variable models," Journal of Econometrics, Elsevier, vol. 22(1-2), pages 13-42.
    10. Meurs, Henk & Van Wissen, Leo & Visser, Jacqueline, 1989. "Measurement Biases in Panel Data," University of California Transportation Center, Working Papers qt4095q216, University of California Transportation Center.
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