The Welfare Effects of the Free Subway Fare Scheme for Seniors: A Discrete Choice Approach with the Case of Seoul
This study investigates the effects of a free subway scheme for the elderly on mode shift and consumer surplus for the Seoul metropolitan area, using discrete choice models. The analysis results can be summarized as follows. First, a comparative analysis of temporal and spatial subway trip distributions between the elderly and the general public shows that the majority of elderly subway trips were made during off-peak periods on a weekday, avoiding peak periods and busy stations. Second, the free subway scheme has contributed to shifting elderly modes from automobile, bus, and walk to subway, attracting about 54-58 thousand seniors’ trips per day to subway. Third, the scheme has generated about $60-74 million per year in net social welfare after accounting for the financial cost of the scheme, concluding that the scheme enhances seniors’ mobility and social welfare without putting a substantial burden on the existing subway system.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/2213624X
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Supplemental Notes:
- © 2018 Published by Elsevier Ltd on behalf of World Conference on Transport Research Society. Abstract reprinted with permission of Elsevier.
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Authors:
- Myung-Jin, Jun
- Ji-Eun, Jeong
- Hyun-Ju, An
- Publication Date: 2018
Language
- English
Media Info
- Media Type: Web
- Features: Appendices; Figures; References; Tables;
- Pagination: pp 642-650
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Serial:
- Case Studies on Transport Policy
- Volume: 6
- Issue Number: 4
- Publisher: Elsevier
- ISSN: 2213-624X
- Serial URL: http://www.sciencedirect.com/science/journal/2213624X
Subject/Index Terms
- TRT Terms: Aged; Case studies; Choice models; Fares; Modal shift; Mode choice; Public transit; Subways; Welfare economics
- Uncontrolled Terms: Social welfare
- Geographic Terms: Seoul (Korea)
- Subject Areas: Planning and Forecasting; Public Transportation; Society;
Filing Info
- Accession Number: 01679959
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 31 2018 1:45PM