Did the Great Recession keep bad drivers off the road?
| Autor: | Vikram Maheshri, Clifford Winston |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
050210 logistics & transportation
Economics and Econometrics media_common.quotation_subject 05 social sciences Differential (mechanical device) Automobile safety Recession Travel behavior Accounting SAFER 0502 economics and business Unemployment Case fatality rate Vehicle miles of travel Demographic economics Business 050207 economics human activities Finance media_common |
| Zdroj: | Journal of Risk and Uncertainty. 52:255-280 |
| ISSN: | 1573-0476 0895-5646 |
| Popis: | Motorists’ fatalities and the fatality rate (roadway deaths per vehicle-mile traveled (VMT)) tend to decrease during recessions. Using a novel data set of individual drivers, we establish that recessions have differential impacts on driving behavior by decreasing the VMT of observably risky drivers, such as those over age 60, and by increasing the VMT of observably safer drivers. The compositional shift toward safer drivers associated with a one percentage point increase in unemployment would save nearly 5000 lives per year nationwide. This finding suggests that policymakers could generate large benefits by targeting new driver-assistance technology at vulnerable groups. |
| Databáze: | OpenAIRE |
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