Joint Residence-Workplace Location Choice Model Based on Household Decision Behavior

Table 2

Estimation results of five models.

Variables	Residence location choice		Workplace choice		Joint choice
	Without d-s	With d-s	Without d-s	With d-s
Travel time; (M)	−0.2869; (−7.89)	−0.2962; (−7.92)	−0.1352; (−21.55)	−0.1134; (−17.03)	−0.3011; (−6.88)
Travel time; (S.D.)	0.3752; (7.41)	0.3921; (8.09)	0.0517; (6.29)	0.0604; (7.36)	0.2744; (8.11)
Travel distance; (M)	−0.8255; (−8.76)	−0.8403; (−8.92)	−0.4948; (−23.88)	−0.4706; (−19.85)	−0.6602; (−8.95)
Travel distance; (S.D.)	0.4385; (7.42)	0.5035; (7.95)	0.1071; (7.38)	0.2251; (5.66)	0.3849; (6.77)
Travel cost	−0.1233; (−5.04)	−0.1022; (−4.47)	−0.0323; (−11.55)	−0.0396; (−10.34)	−0.0371; (−4.61)
Housing price	−0.2363; (−3.22)	−0.4623; (−6.47)	∖	∖	−0.4437; (−4.78)
Population	0.0417; (3.25)	0.0217; (2.01)	∖	∖	0.0214; (2.14)
Number of rail transit stations	0.4449; (4.22)	0.5012; (5.66)	∖	∖	0.3706; (3.21)
FAR	−0.0388; (−1.99)	−0.0488; (−2.93)	∖	∖	−0.0841; (−2.07)
Household income	∖	∖	0.2624; (3.88)	0.4607; (5.25)	0.3329; (4.16)
Employment opportunities	∖	∖	0.0224; (5.24)	0.0274; (6.44)	0.0271; (4.21)
Gross sale	∖	∖	0.1122; (2.01)	0.2101; (3.11)	0.0866; (3.71)
Number of observations	1994	752	1994	1242	1994
log-likelihood at convergence	−1304	−1263	−1279	−1154	−1089

Here d-s means “decision sequence”; M means “mean value”; S.D. means “standard deviation.”