There is significant concern about the high cost of vehicle ownership, although several authors have acknowledged in the literature that owning and operating a vehicle have accessibility benefits. This paper uses Consumer Expenditure Survey data to explore vehicle ownership expenditures of American households. Differences in vehicle ownership expenditures among urban and rural households are estimated in different regions of the United States, controlling for socioeconomic, demographic, life cycle, and other household factors. First, patterns in vehicle ownership expenses are examined over a year. Three models of expenditures for vehicle ownership are estimated: the first model is estimated by ordinary least squares, the second is a Tobit model estimated to take into account zero expenditures on vehicles by a segment of households during the survey year, and the third model is a two-stage sample selection model that explicitly models first the household vehicle ownership decision and then, given that first decision, the expenditure intensity decision for the subsample of households that own vehicles. It was found that locational and regional effects were not constant but that urban–rural differences depended on region, and differences among regions depended on whether a household was located in an urban or a rural area.


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    Title :

    Analysis of Variations in Vehicle Ownership Expenditures


    Additional title:

    Transportation Research Record


    Contributors:


    Publication date :

    2005-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



    Analysis of Variations in Vehicle Ownership Expenditures

    Thakuriah, P. / Liao, Y. / National Research Council (U.S.) | British Library Conference Proceedings | 2005


    Analysis of Variations in Vehicle Ownership Expenditures

    Thakuriah, Piyushimita | Online Contents | 2005


    Analysis of Variations in Vehicle Ownership Expenditures

    Liao, Yihua | Transportation Research Record | 2005


    Analysis of Variations in Vehicle Ownership Expenditures

    National Research Council (U.S.) | British Library Conference Proceedings | 2005