Abstract
AbstractWe estimate a residential sorting model using microdata to study an expansion of the Vancouver rapid transit network. Our results indicate that many aspects of household preferences were stable over time; however, preferences for transit access became more homogeneous with respect to income. Simulations show that these preference changes, along with endogenous housing appreciation and rising income levels in connected neighborhoods, result in larger benefits for higher‐income households. This distributional pattern is driven by the gains of households working in pre‐connected neighborhoods. In contrast, the benefits to those working in newly connected neighborhoods disproportionately favor lower‐income households.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
