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Congestion Charges and Labour Market Imperfections
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS. (WSP Analysis & Strategy)
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS. (WSP Analysis & Strategy)
KTH, School of Architecture and the Built Environment (ABE), Transport Science, Transport Planning, Economics and Engineering. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0003-1789-9238
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS. (WSP Analysis & Strategy)ORCID iD: 0000-0001-6818-4369
2016 (English)In: Journal of Transport Economics and Policy, ISSN 0022-5258, E-ISSN 1754-5951, Vol. 50, 113-131 p.Article in journal (Refereed) Published
Abstract [en]

Standard cost-benefit analyses of transport policy measures will not capture all benefits and losses if there are labour market imperfections. In the case of congestion charges, theoretical analyses have raised concerns that these effects may constitute considerable losses, possibly to the extent that aggregate welfare is reduced, contrary to conventional wisdom. We investigate this by estimating the effects on labour income of the Stockholm congestion charges, using an estimated relationship between accessibility and income. Results show that effects on labour income are, in fact, positive. It turns out to be crucial that the model accounts for value-of-time heterogeneity.

Place, publisher, year, edition, pages
UNIV BATH , 2016. Vol. 50, 113-131 p.
National Category
Economics and Business Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-192769ISI: 000381746100001OAI: oai:DiVA.org:kth-192769DiVA: diva2:974251
Note

QC 20160926

Available from: 2016-09-26 Created: 2016-09-20 Last updated: 2017-11-21Bibliographically approved

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Anderstig, ChristerBerglund, SvanteEliasson, JonasAndersson, Matts
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