The choice of workplace and residential location in Germany

Workplace and residential location influence many other behavioural choices of travellers as they define the marginal cost of further travel and the distances involved.The German Value of Time (VOT) Study includes revealed and stated preference data in a long-term choice context.The alternatives in the choice situations include travel related variables and in addition a description of the work and residence of the respondents itself.This paper shows and compares the results of an in-depth analysis of long-term decision behaviour with travel as an element and presents both values of time and travel time elasticities from this choice context.