Quotation Hössinger, Reinhard, Aschauer, Florian, Jara-Diaz, Sergio, Jokubauskaite, Simona, Schmid, Basil, Peer, Stefanie, Axhausen, Kay, Gerike, Regine. 2019. A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments. Transportation. 1-37.


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Abstract

Based on a time-use model with a sound theoretical basis and carefully collected data for Austria, the value of leisure (VoL) for different population segments has been estimated. Through the combination of these results with mode-specific values of travel time savings from a related study based on the same data, the first mode-specific values of time assigned to travel (VTAT) were calculated. Data was collected using a Mobility-Activity-Expenditure Diary, a novel survey format which gathers all activities, expenditures, and travel decisions from the same individuals for 1 week in a diary-based format. The average VoL is 8.17 €/h, which is below the mean wage of 12.14 €/h, indicating that the value of work is, on average, negative. Regarding the reliability of the VoL, we show its sensitivity to the variance of working time in a sample, something that has been ignored in previous studies and could be used to avoid inadequate segmentation. We controlled this effect in the analysis of the heterogeneity of the VoL across the population by estimating the parameters from the total (unsegmented) dataset with single interaction terms. We find that the VTAT is strictly negative for walking, predominantly negative for cycling and car, and predominantly positive for public transport with 0.27 €/h on average. The positive VTAT for public transport is a strong indication for the importance of travel conditions, in turn suggesting that improvements in travel conditions of public transport might be as important as investing in shorter travel times.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Transportation
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments
Year 2019
Page from 1
Page to 37
Reviewed? Y
URL https://link.springer.com/article/10.1007/s11116-019-10022-w
DOI https://doi.org/10.1007/s11116-019-10022-w
Open Access Y
Open Access Link https://link.springer.com/article/10.1007%2Fs11116-019-10022-w

Associations

People
Peer, Stefanie (Details)
External
Aschauer, Florian (BOKU Vienna, Austria)
Axhausen, Kay (ETH Zurich, Switzerland)
Gerike, Regine (TU Dresden, Germany)
Hössinger, Reinhard (BOKU Vienna, Austria)
Jara-Diaz, Sergio (University of Chile, Chile)
Jokubauskaite, Simona (BOKU Vienna, Austria)
Schmid, Basil (ETH Zurich, Switzerland)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5332 Transport economics (Details)
5351 Public economy (Details)
5915 Economic geography (Details)
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