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BEGIN:VEVENT
DTSTAMP:20260404T194034Z
DTSTART;VALUE=DATE-TIME:20231114T141500
DTEND;VALUE=DATE-TIME:20231114T153000
SUMMARY:Applied Economics\, Econometrics & Public Policy (CAGE) Seminar -
  Prottoy Akbar (Aalto Uni)
TZID:Europe/London
UID:20231114-8a17841b898c299e0189b047965760c4@warwick.ac.uk
CREATED:20231110T155130Z
DESCRIPTION:Title: Who benefits from faster public transit? Abstract: Fas
 t public transit networks are widely believed to (i) reduce driving and 
 its externalities\, and (ii) reduce inequality by improving mobility for
  the urban poor. But are the transit improvements that are most effectiv
 e at reducing driving also more equitable? Combining survey data with we
 b-scraped counterfactual travel times for millions of trips across 49 la
 rge US cities\, I estimate a model of travel mode and residential locati
 on choice. I characterize the heterogeneity across income groups and cit
 ies in commuters' marginal willingness to pay for access to faster trans
 it and to increase their transit ridership. I find that higher-income tr
 ansit riders sort more aggressively into the fastest transit routes and 
 are\, on average\, willing to pay more for faster commutes. Improvements
  in transit speed are most effective at generating transit ridership and
  welfare gains where transit is already fast (relative to driving)\, in 
 cities with a greater share of rail-based transit and where the gains ar
 e larger for higher-income commuters. Transit improvements benefit lower
 -income commuters more where transit is relatively slow\, in cities with
  more bus transit\, and where the overall marginal gains are small.
LOCATION:S2.79
CATEGORIES:Applied & Development Economics Seminar
LAST-MODIFIED:20231110T155130Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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