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 Euro/h, which is below the mean wage of 12.14 Euro/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 Euro/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.
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:7019 |
| Date | January 2019 |
| Creators | Hössinger, Reinhard, Aschauer, Florian, Jara-Díaz, Sergio, Jokubauskaite, Simona, Schmid, Basil, Peer, Stefanie, Axhausen, Kay W., Gerike, Regine |
| Publisher | Springer |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Article, PeerReviewed |
| Format | application/pdf |
| Rights | Creative Commons: Attribution 4.0 International (CC BY 4.0) |
| Relation | http://dx.doi.org/10.1007/s11116-019-10022-w, https://www.springernature.com/gp, http://epub.wu.ac.at/7019/ |
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