Modeling interdependencies between vehicle transaction, residential relocation and job change

This paper introduces a vehicle transaction timing model which is conditional on household residential and job relocation timings. Further, the household residential location and members' job relocation timing decisions are jointly estimated. Some researchers have modeled the household vehicle ownership decision jointly with other household decisions like vehicle type choice or VMT; however, these models were basically static and changes in household taste over time has been ignored in nearly all of these models. The proposed model is a dynamic joint model in which the effects of land-use, economy and disaggregate travel activity attributes on the major household decisions; residential location and members' job relocation timing decisions for wife and husband of the household, are estimated. Each of these models is estimated using both the Weibull and log-logistic baseline hazard functions to assess the usefulness of a non-monotonic rather than monotonic baseline hazard function. The last three waves of the Puget Sound Panel Survey data and land-use, transportation, and built environment variables from the Seattle Metropolitan Area are used in this study as these waves include useful explanatory variables like household tenure that were not included in the previous waves.