A Life History-oriented Approach for Modeling Residential Mobility: A Hazard-based Latent Segment Duration Model

This study adopts a life history-oriented approach to investigate residential mobility decisions. A hazard-based latent segment duration (HLSD) model is developed using retrospective data. The model captures unobserved heterogeneity and accommodates the effects of repeated spell durations along the life-course of the households. The model accommodates the effects of life-trajectory dynamics by testing life-cycle events occurring at different life-domains. Several hazard models such as conventional, and random parameter models are developed considering multiple and single spell, as well as assuming various distributions. The model is also validated using a hold-out sample based on the predictive performance. Overall, multiple spell 2-segment HLSD model with Weibull distribution outperforms other models. The HLSD model is estimated for 2-segments; where segment 1 includes lower-income urban dwellers and segment 2 includes higher-income suburban dwellers. Parameter estimation results confirm the effects of life-cycle events, socio-demographics, and accessibility characteristics. For instance, households might be active in the housing market following the birth of a child, and loss of a job. Owners and households in larger sized dwellings are more likely to reside longer; whereas, households residing closer to the central business district (CBD) might have a shorter duration. The model confirms the existence of heterogeneity. For instance, urban dwellers might trigger a move following the marriage of a household member; in contrast, suburban dwellers might continue to have a longer duration of stay. Similar heterogeneity between the urban and suburban dwellers is confirmed for variables representing no vehicle ownership, and residence closer to workplace, educational, and health services.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: References; Tables;
  • Pagination: 18p

Subject/Index Terms

Filing Info

  • Accession Number: 01763953
  • Record Type: Publication
  • Report/Paper Numbers: TRBAM-21-04042
  • Files: TRIS, TRB, ATRI
  • Created Date: Dec 23 2020 11:16AM