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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...
Persistent link: https://www.econbiz.de/10008565618
We examine the effect of unemployment risk on the timing of homeownership applying a survival analysis approach. Empirical results from the Split Population Duration (SPD) model suggest that: (1) unemployment risk has a significantly negative effect on homeownership and delays its timing even...
Persistent link: https://www.econbiz.de/10008872464