On the road to equity: examining income-related inequalities in ownership of safer cars

Vincenzo Carrieri, Apostolos Davillas and Victor Hugo de Oliveira

Oxford Open Economics, 2024, vol. 3, 244-66

Abstract: Using administrative Driver and Vehicle Licensing Agency (DVLA) data, matched with the UK Household Longitudinal Study (covering the period between 2013 and 2015), we estimate income-related inequalities in ownership of safer cars. We also apply regression-based decompositions to explore the source of inequalities. We find systematic pro-rich inequalities in ownership of safer cars that are almost entirely explained by the car's price and year of manufacture. A range of household-level variables, including demographics, risk aversion, time preference, personality traits, cognitive ability and education, play a much less pronounced contribution to overall inequality. The observed inequity in safer car ownership with potential effects on the socio-economic gap in road-traffic injuries may require regulatory interventions.

Keywords: income inequalities; car safety; concentration indexes; United Kingdom (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ooecxx:v:3:y:2024:i::p:244-66.

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