Life Cycle Stages and Residential Location Choice in the Presence of Latent Preference Heterogeneity
Homes are compositional in nature and they include both dwelling and location characteristics. The quality of the living depends on the housing, and different households value differently housing characteristics, depending on their needs and wants. However, recent investigations into residential location show that there is a component of preference heterogeneity that cannot be accounted for by the household structure. A latent class model approach is applied to examine the segmentation of the sampled households based on their lifestyle preferences. The paper examines the degree of association between the identified household life cycle segments and the estimated latent classes. The results indicate that composition of the latent structure is not the same for each household segment. While income and the age of the head of household appear to be the most discriminating demographic characteristics affecting housing preferences, these variables do not lead to the same latent class structure for household of different compositions.
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Supplemental Notes:
- This paper was sponsored by TRB committee ADD30 Transportation and Land Development
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Smith, Brett
- Olaru, Doina
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Conference:
- Transportation Research Board 91st Annual Meeting
- Location: Washington DC, United States
- Date: 2012-1-22 to 2012-1-26
- Date: 2012
Language
- English
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: 18p
- Monograph Title: TRB 91st Annual Meeting Compendium of Papers DVD
Subject/Index Terms
- TRT Terms: Demographics; Housing; Mathematical models; Residential location; Stated preferences; Variables
- Subject Areas: Planning and Forecasting; Society; Transportation (General); I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01365918
- Record Type: Publication
- Report/Paper Numbers: 12-0543
- Files: TRIS, TRB
- Created Date: Mar 21 2012 10:50AM