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Regional variation in the value of travel time

Authors: Vegard Østli, Askill Harkjerr Halse, Farideh Ramjerdi
Report nr: 1238/2012
ISBN (digital version): 978-82-480-0980-1
Language: Norwegian
Attachments Hele rapporten

This report investigates how the value of travel time varies between different regions of Norway. In this context we have also assessed what income measures are relevant in value of time studies. The report is based on the data set collected for the Norwegian value of time study in 2010. We estimate three regional values of time for car and public transport respectively. Further, we examine how three different income measures affect the explanatory power of the econometric model used in the Norwegian value of time study. Our results indicate a higher value of travel time for car travellers in Oslo than the national level. There are no significant regional differences in the value of time for public transport users. Of the three different income measures we find that personal income after tax yields the highest explanatory power in the econometric model.


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