Dynamic models of car ownership at the household level
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Dynamic models of car ownership at the household level. / Bjørner, Thomas Bue; Leth-Petersen, Søren.
I: International Journal of Transport Economics, Bind 32, Nr. 1, 01.02.2005, s. 57-74.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Dynamic models of car ownership at the household level
AU - Bjørner, Thomas Bue
AU - Leth-Petersen, Søren
PY - 2005/2/1
Y1 - 2005/2/1
N2 - A large number of studies have relied on macro time series or micro cross section data to analyse the demand for car ownership. In this study we analyse a unique micro panel with observations on car ownership and socioeconomic characteristics at household level during a ten year period. The data show very strong persistence in households' car ownership over time. Dynamic logit models with unobserved heterogeneity are estimated using the estimation approach recently suggested by Wooldridge. Results show that the persistence in car ownership should mainly be attributed to state dependence, while unobserved heterogeneity is less important. Small income elasticities with respect to car ownership are found when taking into account the panel nature of the data.
AB - A large number of studies have relied on macro time series or micro cross section data to analyse the demand for car ownership. In this study we analyse a unique micro panel with observations on car ownership and socioeconomic characteristics at household level during a ten year period. The data show very strong persistence in households' car ownership over time. Dynamic logit models with unobserved heterogeneity are estimated using the estimation approach recently suggested by Wooldridge. Results show that the persistence in car ownership should mainly be attributed to state dependence, while unobserved heterogeneity is less important. Small income elasticities with respect to car ownership are found when taking into account the panel nature of the data.
UR - http://www.scopus.com/inward/record.url?scp=15044342658&partnerID=8YFLogxK
M3 - Journal article
AN - SCOPUS:15044342658
VL - 32
SP - 57
EP - 74
JO - International Journal of Transport Economics
JF - International Journal of Transport Economics
SN - 0391-8440
IS - 1
ER -
ID: 231645599