A REVIEW OF THE VALUE OF TIME

The report suggests the following values for time savings, used in cost-benefit analyses, in 1984 prices: -working time 5.62/hour -non-working time 1.06/hour. These values are 15% and 10% larger than those currently in use. It is recommended that research be undertaken so as to value non-working time under "commuting to work" and "leisure travel" headings. It is also recommended that regional values for working time savings be adopted. (TRRL)

• Corporate Authors:

  National Institute for Phys Planning & Constr Res

  St Martin's House, Waterloo Road
  Dublin 4,   Ireland 
• Authors:
  • Casey, J J
• Publication Date: 1987-3

Media Info

• Features: References;
• Pagination: 12 p.

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Commuting; Present value; Recreation; Savings; Time
• Uncontrolled Terms: Value
• ITRD Terms: 224: Cost; 226: Cost benefit analysis; 9020: Evaluation (assessment); 621: Journey to work; 9142: Recreation; 5414: Time
• Subject Areas: Economics; Highways; Society;

Filing Info

• Accession Number: 00470615
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Report/Paper Numbers: RT 326(B)
• Files: ITRD, TRIS, ATRI
• Created Date: Aug 31 1988 12:00AM