THE IMPACT OF CHANGES IN PRICING POLICY UPON TRANSIT RIDERS OF VARYING AGES IN CHICAGO ∗
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Abstract
The elderly and young represent a significant segment of the transit-dependent ridership in metropolitan areas. The impacts of a change in pricing structure and transfer policy upon these groups are examined using survey data generated from riders of the Regional Transportation Authority in Chicago before and after a major restructing of fares and transfer policy. Results indicate that the elderly and young differ from the general population of respondents in their sensitivity to these changes. Moreover, it appears that the restructuring of fares did not adversely affect ridership patterns for these subgroups of transit users.
