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A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments

Author

Listed:
  • Reinhard Hössinger

    (University of Natural Resources and Life Sciences)

  • Florian Aschauer

    (University of Natural Resources and Life Sciences)

  • Sergio Jara-Díaz

    (University of Chile)

  • Simona Jokubauskaite

    (University of Natural Resources and Life Sciences)

  • Basil Schmid

    (ETH Zurich)

  • Stefanie Peer

    (WU Vienna)

  • Kay W. Axhausen

    (ETH Zurich)

  • Regine Gerike

    (TU Dresden)

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.

Suggested Citation

  • Reinhard Hössinger & Florian Aschauer & Sergio Jara-Díaz & Simona Jokubauskaite & Basil Schmid & Stefanie Peer & Kay W. Axhausen & Regine Gerike, 2020. "A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments," Transportation, Springer, vol. 47(3), pages 1439-1475, June.
    • Handle: RePEc:kap:transp:v:47:y:2020:i:3:d:10.1007_s11116-019-10022-w
    DOI: 10.1007/s11116-019-10022-w
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    Cited by:

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    2. Jara-Díaz, Sergio & Candia, Diego, 2020. "A new look at the value of leisure in two-worker households," Economics of Transportation, Elsevier, vol. 24(C).
    3. Tri Basuki Joewono & Mohamed Yusuf Faridian Wirayat & Prawira Fajarindra Belgiawan & I Gusti Ayu Andani & Clint Gunawijaya, 2023. "Users’ Preferences in Selecting Transportation Modes for Leisure Trips in the Digital Era: Evidence from Bandung, Indonesia," Sustainability, MDPI, vol. 15(3), pages 1-24, January.
    4. Simona Jokubauskaitė & Alyssa Schneebaum, 2022. "Assessing the value of household work based on wages demanded on online platforms for substitutes," Review of Economics of the Household, Springer, vol. 20(1), pages 153-160, March.
    5. Bhuvanachithra Chidambaram & Joachim Scheiner, 2021. "Leisure Quality among German Parents—Exploring Urbanity, Mobility, and Partner Interaction as Determinants," Sustainability, MDPI, vol. 13(11), pages 1-20, May.
    6. Ilahi, Anugrah & Belgiawan, Prawira F. & Balac, Milos & Axhausen, Kay W., 2021. "Understanding travel and mode choice with emerging modes; a pooled SP and RP model in Greater Jakarta, Indonesia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 398-422.
    7. Aliaksandr Malokin & Giovanni Circella & Patricia L. Mokhtarian, 2021. "Do millennials value travel time differently because of productive multitasking? A revealed-preference study of Northern California commuters," Transportation, Springer, vol. 48(5), pages 2787-2823, October.
    8. Jokubauskaitė, Simona & Hössinger, Reinhard & Aschauer, Florian & Gerike, Regine & Jara-Díaz, Sergio & Peer, Stefanie & Schmid, Basil & Axhausen, Kay W. & Leisch, Friedrich, 2019. "Advanced continuous-discrete model for joint time-use expenditure and mode choice estimation," Transportation Research Part B: Methodological, Elsevier, vol. 129(C), pages 397-421.

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