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How generational are generational trends in in vehicle ownership and use?

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  • Jarvis, Stephen

Abstract

There are longstanding debates about the differences between generations. This includes claims that Millennials have fundamentally different preferences for driving and vehicle ownership when compared to prior generations. Using data on the United Kingdom I do indeed find large observed differences in driving habits and vehicle ownership between Millennials and prior generations. However, once certain confounding factors are controlled for these differences largely disappear. These results confirm findings from related work that looked at the United States, indicating that generational trends in driving habits are likely a fairly general phenomenon.

Suggested Citation

  • Jarvis, Stephen, 2022. "How generational are generational trends in in vehicle ownership and use?," LSE Research Online Documents on Economics 113646, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:113646
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    File URL: http://eprints.lse.ac.uk/113646/
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    References listed on IDEAS

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    1. Maria Cotofan & Lea Cassar & Robert Dur & Stephan Meier, 2023. "Macroeconomic Conditions When Young Shape Job Preferences for Life," The Review of Economics and Statistics, MIT Press, vol. 105(2), pages 467-473, March.
    2. Christopher R. Knittel & Elizabeth Murphy, 2019. "Generational Trends in Vehicle Ownership and Use: Are Millennials Any Different?," NBER Working Papers 25674, National Bureau of Economic Research, Inc.
    3. Zhang, Ming & Li, Yang, 2022. "Generational travel patterns in the United States: New insights from eight national travel surveys," Transportation Research Part A: Policy and Practice, Elsevier, vol. 156(C), pages 1-13.
    4. Peter Koczanski & Harvey S. Rosen, 2019. "Are Millennials Really So Selfish? Preliminary Evidence from the Philanthropy Panel Study," NBER Working Papers 25813, National Bureau of Economic Research, Inc.
    5. Harvey S. Rosen & Peter Koczanski, 2019. "Are Millennials Really So Selfish? Preliminary Evidence from the Philanthropy Panel Study," Working Papers 254, Princeton University, Department of Economics, Center for Economic Policy Studies..
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    More about this item

    Keywords

    vehicle ownership; driving; generational changes;
    All these keywords.

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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