Cohort Effects and Their Influence on Car Ownership

Michael Iacono and David Levinson

No 138, Working Papers from University of Minnesota: Nexus Research Group

Abstract: Recent trends in the United States suggest a movement toward saturation of vehicle ownership. This paper examines this trend through an analysis of car ownership in the Minneapolis- St. Paul, Minnesota (USA) metropolitan region. Data from pooled cross-sectional household surveys are used to calibrate a model of car ownership that includes birth cohort effects to capture unobserved variations in preference toward car ownership across generations. Declines in household size and worker status have significant impacts in limiting the growth of car ownership, but they are also coupled by an apparent softening of preferences toward ownership among young adults.

Keywords: car ownership; cohort; generational effect; aging; income; saturation; United States (search for similar items in EconPapers)
JEL-codes: J11 R14 R41 R42 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/11299/179833 First version, 2015 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nex:wpaper:cohorts

Access Statistics for this paper

More papers in Working Papers from University of Minnesota: Nexus Research Group Contact information at EDIRC.
Bibliographic data for series maintained by David Levinson ( this e-mail address is bad, please contact ).