Cost-benefit calculations of transport schemes include a quantity called the ‘equity value of time’ which, for non-work time only, presumes that all travellers have the same benefit from each minute of time saving. This is by contrast with travel during working hours, which presume that time savings by higher earners are worth much more to the economy than time savings of lower earners, or non-earners. There has been a long but rather low-key discomfort with this situation, but it...
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Phil Goodwin
Phil Goodwin
Phil Goodwin is professor of transport policy at the Centre for Transport and Society, University of West of England, Bristol, and emeritus professor at University College London. Email: philinelh@yahoo.com