The Impact of Age and Health on Vehicle Choices among Elders |
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| Authors: | Hyungsoo Kim Jinkook Lee Doh-Khul Kim |
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| Institution: | (1) University of Kentucky, 315 Funkhouser Building, Lexington, KY 40506, USA;(2) Ohio State University, 1787 Neil Avenue, Columbus, OH 43210, USA;(3) Mississippi State University, Meridan, MS 39307, USA |
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| Abstract: | We examine older Americans’ choice of vehicle types and the impact of age and health status on this choice. Using the 1998 and 2000 Health and Retirement Study (HRS) and the 2001 HRS Consumption and Activities Mail Survey (CAMS), we estimate a multinomial logit model of older Americans’ choice of vehicle types. We find that both age and health status influence the type of vehicle purchased or leased. Compared to Americans aged 50–59, those aged 70 or older prefer passenger cars to trucks and sport utility vehicles (SUVs). We also find that elders with health problems are more likely to prefer SUVs to passenger cars than those without health problems. |
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| Keywords: | Age Driving Family burden Health Vehicle types |
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