Title
Latent lifestyle preferences and household location decisions
Abstract
Lifestyle, indicating preferences towards a particular way of living, is a key driver of the decision of where to live. We employ latent class choice models to represent this behavior, where the latent classes are the lifestyles and the choice model is the choice of residential location. Thus, we simultaneously estimate lifestyle groups and how lifestyle impacts location decisions. Empirical results indicate three latent lifestyle segments: suburban dwellers, urban dwellers, and transit-riders. The suggested lifestyle segments have intriguing policy implications. Lifecycle characteristics are used to predict lifestyle preferences, although there remain significant aspects that cannot be explained by observable variables.
Year
DOI
Venue
2007
10.1007/s10109-006-0030-0
Journal of Geographical Systems
Keywords
Field
DocType
lifestyle æ residential location æ latent class choice models æ mixture models æ error components æ neighborhood preferences,mixture models,mixture model
Econometrics,Geography,Mixture model
Journal
Volume
Issue
ISSN
9
1
1435-5949
Citations 
PageRank 
References 
7
1.11
1
Authors
2
Name
Order
Citations
PageRank
Joan Walker1265.79
Jieping Li271.11