A Residential Relocation Timing and Tenure Choice Modeling Structure: Competing Hazard Based or Cause-Specific Formulation?

Land use is largely affected by people’s decisions on job and residential relocation as well as decisions by home developers and job providers. In regards to residential relocation decision making, four fundamental components can be identified: 1) reason(s) of relocation, 2) relocation timing, 3) choosing the next living place, and 4) tenure choice. This paper focuses on the time of relocation and the tenure choice, using the hazard-based structure. A hazard based model coupled with a logit model is compared against a competing hazard-based model. These two formulations represent two approaches that individuals may consider when evaluating their alternatives. A longitudinal data collected in Australia from the Household, Income, and Labour Dynamics Australia Survey (HILDA) is utilized in this study for developing the models. Several socio-demographic, economic and land use variables are employed to model the behaviour of decision-making unit which mainly consists of a household. It was found that the competing hazard model marginally outperforms the cause specific structure.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; References; Tables;
  • Pagination: 20p
  • Monograph Title: TRB 94th Annual Meeting Compendium of Papers

Subject/Index Terms

Filing Info

  • Accession Number: 01557356
  • Record Type: Publication
  • Report/Paper Numbers: 15-3794
  • Files: TRIS, TRB, ATRI
  • Created Date: Dec 30 2014 1:15PM