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Analysis of Aspiration for Owning a Car Among Youths in a City of a Developing Country, India

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Abstract

This paper attempts to investigate the aspiration for owning a car among young adults in Bangalore city in India. The data set used for the analysis is from a primary revealed preference survey of about 750 college students, who will be in workforce in near future. Apart from the usual set of personal and household socio-demographic information, the survey gathered the respondents’ perceptions of status, peer influence, car use, image of public modes, and miscellaneous attributes. The responses to these attitudinal questions are recorded on a five-point Likert-type scale. Through factor analysis, the responses are reduced to a number of factors that could reasonably explain the variability in the responses. Subsequently, a binary logit model is estimated for relating the attitudinal factors to car ownership decision in presence of several socio-demographic indicators. The main findings of the econometric analysis include, among others, the relatively higher propensity of the individuals who are qualified above bachelor’s degree to own a car; the direct association between participation in out-door sports and car ownership; and the positive influence of the factor relating the happiness derived from car use on car ownership, and that shows the rising aspiration for owning a car among youths.

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Acknowledgements

The authors thank the management of academic institutes, M S Ramaiah Institute of Technology, M S Ramaiah Dental College, M S Ramaiah College of Arts, Science and Commerce, and MS Ramaiah College of Law, for allowing us to conduct survey at their institutes. The authors acknowledge the opportunity to present the research work that forms the basis of this article at the 3rd Conference of the Transportation Research Group of India held at Kolkata (India) from 17–20 December, 2015.

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Authors and Affiliations

  1. MS Ramaiah Institute of Management, New BEL Road, MSR Nagar, Bangalore, 560054, India

    Meghna Verma

  2. Department of Civil Engineering, Indian Institute of Technology, Delhi, 110016, India

    M. Manoj

  3. Indian Institute of Science, Bangalore, 560012, India

    M. Manoj

  4. Department of Civil Engineering, Indian Institute of Science, Bangalore, 560012, India

    Ashish Verma

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  1. Meghna Verma
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  2. M. Manoj
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  3. Ashish Verma
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Correspondence to Meghna Verma.

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Verma, M., Manoj, M. & Verma, A. Analysis of Aspiration for Owning a Car Among Youths in a City of a Developing Country, India. Transp. in Dev. Econ. 3, 7 (2017). https://doi.org/10.1007/s40890-017-0037-x

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