Publication type
Journal Article
Authors
Publication date
January 10, 2024
Summary:
Using administrative Driver and Vehicle Licensing Agency (DVLA) data, matched with the UK Household Longitudinal Study (covering the period between 2013 and 2015), we estimate income-related inequalities in ownership of safer cars. We also apply regression-based decompositions to explore the source of inequalities. We find systematic pro-rich inequalities in ownership of safer cars that are almost entirely explained by the car’s price and year of manufacture. A range of household-level variables, including demographics, risk aversion, time preference, personality traits, cognitive ability, and education, play a much less pronounced contribution to overall inequality. The observed inequity in safer car ownership with potential effects on the socio-economic gap in road-traffic injuries may require regulatory interventions.
Published in
Oxford Open Economics
DOI
https://doi.org/10.1093/ooec/odae002
ISSN
27525074
Subjects
Notes
Online Early
Open Access
© The Author(s) 2024. Published by Oxford University Press.
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
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