Switching from Private Cars to Active Travel for Routine Journeys: A Method to Evaluate Changes in Financial Wellbeing

19 Pages Posted: 12 Jan 2024

See all articles by Isaac T. Tabner

Isaac T. Tabner

University of Stirling - Accounting and Finance Division

Frederick Kibon Changwony

University of Stirling - Department of Accounting and Finance

Kevin Campbell

University of Stirling - Stirling Management School

Gemma Ryde

University of Glasgow - Institute of Cardiovascular and Medical Sciences

Date Written: January 9, 2024

Abstract

We propose a method to evaluate the costs and benefits of active travel relative to other forms of travel for routine journeys such as commuting to work and travelling to school. Costs and benefits are expressed both in monetary value and in the imputed labour hours that reflect financial gains or losses resulting from a change in transport mode. Our method can be adapted to the circumstances of any individual to help them make informed decisions leading to better financial outcomes. Alternatively, it can be applied to archetypal citizens to evaluate and communicate the personal financial implications of transport choices.

Keywords: Active Travel, Financial Wellbeing, Household Finance, Imputed Labour, Public Health, Transport Planning

JEL Classification: D11, D13, D14, D61, D91, G02, I12, I14, I18, I31

Suggested Citation

Tabner, Isaac T. and Changwony, Frederick Kibon and Campbell, Kevin and Ryde, Gemma, Switching from Private Cars to Active Travel for Routine Journeys: A Method to Evaluate Changes in Financial Wellbeing (January 9, 2024). Available at SSRN: https://ssrn.com/abstract=4670582 or http://dx.doi.org/10.2139/ssrn.4670582

Isaac T. Tabner (Contact Author)

University of Stirling - Accounting and Finance Division ( email )

Accounting and Finance Division
University of Stirling
Stirling FK9 4LA, Scotland
United Kingdom
44 (0) 1786 467305 (Phone)
44 (0) 1786 467308 (Fax)

Frederick Kibon Changwony

University of Stirling - Department of Accounting and Finance ( email )

Stirling, Scotland FK9 4LA
United Kingdom
(44) 1786 467328 (Phone)

Kevin Campbell

University of Stirling - Stirling Management School ( email )

Stirling Management School
Division of Accounting and Finance
Stirling, Scotland FK9 4LA
United Kingdom
(44) 1786 467280 (Phone)
(44) 1786 467308 (Fax)

Gemma Ryde

University of Glasgow - Institute of Cardiovascular and Medical Sciences ( email )

Glasgow
United Kingdom

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