Earthquake risk and housing prices in Japan : evidence before and after massive earthquakes

• 資料種別: 文書・図像類
• タイトル: Earthquake risk and housing prices in Japan : evidence before and after massive earthquakes
• 著者・編者: 直井, 道生; 瀬古, 美喜; 隅田, 和人
• 著者標目: 直井, 道生; 瀬古, 美喜; 隅田, 和人
• 出版事項: Keio Economic Society, Keio University
• 出版年月日等: 2009
• 出版年（W3CDTF）: 2009
• タイトル（掲載誌）: Keio Economic Society discussion paper series
• 巻号年月日等（掲載誌）: 09 2
• 掲載巻: 09
• 掲載号: 2
• 本文の言語コード: eng
• 件名標目: Earthquake risks,Hedonic price model,Panel data models
• 対象利用者: 一般
• 一般注記: type:text; The hedonic pricing approach is used to examine whether homeowners and/or renters alter their subjective assessments of earthquake risks after massive earthquakes. Using nation-wide household panel data coupled with earthquake hazard information and records of observed earthquakes, we find that there are some modifications of individuals' assessments of earthquake risk in both cases. We have carefully taken into consideration the bias stemming from the use of objective risk variables as a proxy for individual risk assessments. Our results suggest that the price discount from locating within a quake-prone area is significantly larger soon after earthquake events than beforehand. We argue that the most likely interpretation for this result is that households tend to underestimate earthquake risk if there has not been a recent occurrence.
• オンライン閲覧公開範囲: 限定公開
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 慶應義塾大学 : 慶應義塾大学学術情報リポジトリ