Rideshare launches boost regional GDP and flexible jobs, study finds
Ride-hailing has become a routine part of urban life in the United States, but its broader economic impacts have been difficult to measure.
Ride-hailing has become a routine part of urban life in the United States, but its broader economic impacts have been difficult to measure.
The short version
- As Uber and Lyft expanded across hundreds of cities over the past decade, they promised more flexible work for drivers and convenience for passengers.
- Questions remained, however, about how these promises translated into measurable changes in local economies.
- This article has been reviewed according to Science X's editorial process and policies .
What happened
Editors have highlighted the following attributes while ensuring the content's credibility: Ride-hailing has become a routine part of urban life in the United States, but its broader economic impacts have been difficult to measure. A new study from Carnegie Mellon University and Oxford Saïd Business School set out to provide an answer by analyzing the launch of ride-hailing services across 167 metropolitan areas between 2010 and 2019.
Why it matters
Because the entry of these transportation network services (TNCs) was staggered, the team was able to compare economic trends before and after TNC entry while accounting for differences across regions.
Summary by Nerd News Network. Read the full article at Phys.org via the links above and below.