The Impact of Earthquake Risk on Housing Market Before and After the Great East Japan Earthquake

Shohei Yasuda, Norifumi Yukutake and Michio Naoi
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Shohei Yasuda: Housing Research and Advancement Foundation of Japan/Graduate School of Economics, Keio University

No 2018-011, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: This paper examines the impact of earthquake risks on real estate market, and whether this is changed after the Great East Japan Earthquake. The primary purpose of this paper is to examine whether homeowners and/or renters alter their subjective risk assessments after the Great East Japan Earthquake. We found that housing rents/prices went up in risky areas after the Great East Japan Earthquake, suggesting that earthquake risk was overestimated before the earthquake.

Keywords: Hedonic method; Earthquake risk; Real estate market (search for similar items in EconPapers)
JEL-codes: R14 R21 R32 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2018-07-15
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2018-011

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