Ontology highlight
ABSTRACT:
SUBMITTER: Deng G
PROVIDER: S-EPMC7112347 | biostudies-literature | 2015 Nov
REPOSITORIES: biostudies-literature
Deng Guoying G Gan Li L Hernandez Manuel A MA
Journal of urban economics 20151027
This paper uses the 2008 Wenchuan earthquake in China to examine if the occurrence of a natural disaster can cause an excessive fear of living in upper floors. We rely on potential variations in earthquake risk perceptions by floor level to assess whether the pricing of apartments in lower versus upper floors is consistent with a disproportionate fear of heights. We use a unique transaction dataset for new apartment units in the affected area. We find that the relative price of low to high floor ...[more]