1430 Walnut Street
Philadelphia, PA 19102
Institutional Affiliation: Genser Energy
NBER Working Papers and Publications
|March 2019||Generational Trends in Vehicle Ownership and Use: Are Millennials Any Different?|
with : w25674
Anecdotes that Millennials fundamentally differ from prior generations are numerous in the popular press. One claim is that Millennials, happy to rely on public transit or ride-hailing, are less likely to own vehicles and travel less in personal vehicles than previous generations. However, in this discussion it is unclear whether these perceived differences are driven by changes in preferences or the impact of forces beyond the control of Millennials, such as the Great Recession. We empirically test whether Millennials' vehicle ownership and use preferences differ from those of previous generations using data from the US National Household Travel Survey, Census, and American Community Survey. We estimate both regression and nearest-neighbor matching models to control for the confounding ef...