Estimating Productivity Loss Cost According to Severity of Vehicle Crash Injury

This study estimates the productivity loss cost according to the severity of vehicle crash injury. A contingent valuation survey was conducted to estimate the willingness to pay (WTP) of vehicle crash offenders in Taiwan. In addition, a Double-Hurdle model was used to deal with the large number of zero WTP responses. The results show that the estimated productivity loss cost of vehicle crash ranges from 2,000 USD to 47,000 USD. In addition, as expected, the individuals’ WTP is positively related with education, average monthly income, share of vehicle crash responsibility, experience of moderate or worse vehicle crash injury, work days lost after a vehicle crash, and experience of receiving compensation for productivity loss from a vehicle crash. This study also demonstrates that the Double-Hurdle model was statistically superior to the Tobit model.

• Record URL:
  https://doi.org/10.1155/2019/7219047
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/5121625
• Supplemental Notes:
  • © 2019 Rong-Chang Joum and Tzu-Ying Chen. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
• Authors:
  • Jou, Rong-Chang
  • Chen, Tzu-Ying
• Publication Date: 2019

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: 14p
• Serial:
  • Journal of Advanced Transportation
  • Volume: 2019
  • Issue Number: Article ID 7219047
  • Publisher: John Wiley & Sons, Incorporated
  • ISSN: 0197-6729
  • EISSN: 2042-3195
  • Serial URL: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)2042-3195
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Attitudes; Costs; Crash causes; Crash injuries; Injury severity; Payment; Productivity; Socioeconomic factors
• Geographic Terms: Taiwan
• Subject Areas: Economics; Highways; Safety and Human Factors; Vehicles and Equipment;

Filing Info

• Accession Number: 01729586
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 29 2020 2:50PM