01559041

Component

Residential choice may be characterized as a household’s simultaneous decisions of location, neighborhood, and dwelling. Traditional models do not account for the latent unmeasured constructs which capture individuals’ preferences for and attitudes towards residence and mode choice. This paper employs Bhat’s (2014) Generalized Heterogeneous Data Model (GHMD) to accommodate five inter-related residential choice dimensions, including residential location, neighborhood land-use pattern, public transportation availability, housing type, and dwelling ownership. Four latent variables including pro-driving, pro-public transportation, facility availability, and residential spaciousness are constructed to capture individuals’ attitudes towards travel modes and preferences for residential features. The inclusion of these latent constructs helps account for self-selection effects in residential choice processes. The determination of relationships among multiple dimensions of residential choice behavior, socio-demographics, and latent attitudes and preferences is critical to integrated land use – transport modeling and the formulation of policies as well as urban residential and neighborhood environments that cater to individual preferences and enhance quality of life.

This paper was sponsored by TRB committee ADB40 Transportation Demand Forecasting.

01550057

15-6069

English

0000-0002-0715-8121

19p

2015

Transportation Research Board 94th Annual Meeting

Digital/other

Figures; References; Tables

Attitudes; Choice models; Demographics; Life styles; Mode choice; Neighborhoods; Residential location; Socioeconomic factors; Travel behavior

Passenger Transportation; Planning and Forecasting; Public Transportation; Society; I72: Traffic and Transport Planning

Transportation Research Board Annual Meeting 2015 Paper #15-6069

TRIS, TRB, ATRI

Dec 30 2014 2:01PM