Earthquakes and Housing Rental Prices in Urban Indonesia: A Hedonic Price Analysis

Aloysius Brata and Yenny Patnasari ()
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Yenny Patnasari: Atma Jaya Yogyakarta University, Indonesia

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 2, 229-240

Abstract: This paper examines the influence of earthquakes on housing rental prices in the urban areas of Indonesia. We employ the household and community data from the Indonesian Family Life Surveys (IFLS) 4 and 5 and estimate a hedonic price model of housing rental prices. We also add a set of variables representing housing attributes and a set of variables related to the community attributes. We find that current earthquakes have had a statistically significant impact on the housing rental prices, confirming the shortterm impact of the earthquakes. There is no evidence that earthquakes have long-term impacts on housing rental prices. We find that earthquakes have a short-term effect on the housing rental prices for self-owned houses only. This finding confirms that different statuses of houses respond differently to earthquake disasters.

Keywords: Earthquakes; Housing rental prices; Hedonic price method; Urban (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:2b:p:229-240

DOI: 10.59091/2460-9196.1746

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