On the Road to Equity: Examining Income-Related Inequalities in Ownership of Safer Vehicles

Vincenzo Carrieri (), Apostolos Davillas and Victor Hugo de Oliveira ()
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Vincenzo Carrieri: University of Calabria
Victor Hugo de Oliveira: Instituto de Pesquisa e Estratégia Econômica do Ceará (IPECE)

No 16049, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Using administrative DVLA data matched with micro-data from Understanding Society – the UK Household Longitudinal Study we estimate income-related inequalities in ownership of vehicles with a set of safety features and we apply a regression-based decomposition method for rank-dependent inequality measures to estimate the source of inequalities. We find systematic pro-rich inequalities in ownership of passively safer vehicles that are almost entirely explained by the characteristics of the vehicles, mainly their price and year of manufacture. A wide range of variables measured at the household level including demographics, risk aversion and time preference proxies, personality traits, cognitive ability, and education plays a much less pronounced and, in most cases, non-statistically significant contribution to overall inequality. These findings reveal inequity in access to passively safer vehicles with potential effects on the socio-economic gap in road-traffic injuries and mortality rates, requiring regulatory intervention.

Keywords: income inequalities; car's safety; concentration indexes; United Kingdom (search for similar items in EconPapers)
JEL-codes: I10 I14 R41 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2023-03
New Economics Papers: this item is included in nep-eur, nep-tre and nep-ure
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Published - published as 'On the road to equity: examining income-related inequalities in ownership of safer cars' in: Oxford Open Economics, 2024, 3, odae002

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