Ikefuji, Masako; Laeven, Roger J. A.; Magnus, Jan R.; … - 2018
We analyze the impact of short-run and long-run earthquake risk on Japanese property prices. We exploit a rich panel … enables us to identify the total compensation for earthquake risk embedded in property prices and to decompose this into … historical earthquake occurrences, supplemented with short-run earthquake probabilities that we generate from a seismic …