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Wage-hedonics is used to recover the value of a statistical life by exploiting the fact that workers choosing riskier occupations will be compensated with a higher wage. However, Roy (1951) suggests that observed wage distributions will be distorted if individuals select into jobs according to...
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It is well known that risk factors influence how investment portfolios perform from a lender’s perspective; therefore …, a thorough risk assessment of the housing market is vital. The aim of this paper was to analyze the risks from housing … feasible portfolio regarding risk control based on the given data. The goal was to determine how different housing segment …
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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 … pieces stemming from short-run and long-run risk, and to further decompose this into objective and distorted risk components. …
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' perception of risk and can so be modified by events that change risk perception, such as technological risk prevention plans in …. However, the study of other events modifying risk perception provides partial answer. This paper studies areas in the vicinity …
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