The value of time in travel to work in the urban sector and its impact on the family economy of the Riobamba canton
Keywords:
Opportunity Cost, Family Economy, Marginal Utility, Value of TimeAbstract
This article studies the monetary value of travel times used by the head of household to the workplace and its effect on the family economy based on socioeconomic factors and on transportation and mobility factors. An econometric logistic regression model (RL) Logit was used with data from 397 workers. This information was obtained from a mobility survey in homes and workplaces about the work day directly performed by the heads of household. The results describe the individual opportunity costs represented by the monetary cost of the travel time invested.
DOI: https://doi.org/10.31164/bcoyu.12.2017.622
URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/622
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Copyright (c) 2017 Eduardo Zurita Moreano, María González Bautista, Mauricio Rivera Poma (Autor)
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