Is the Risk of Sea Level Rise Capitalized in Residential Real Estate?
Is the Risk of Sea Level Rise Capitalized in Residential Real Estate?
复制标题
海平面上升的风险是否已在住宅房地产中资本化？
DOI：
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发表时间：
2020
期刊：
影响因子：
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通讯作者：
J. Scheinkman
中科院分区：
文献类型：
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作者：
J. Murfin;M. Spiegel;J. Scheinkman
使用沿海房屋销售的综合数据库与当地潮汐相对海拔的数据相结合，我们根据海平面上升预测下的淹没阈值来比较房屋的价格。该分析通过利用垂直陆地运动导致的相对海平面上升的横截面差异，将住房对海平面上升的敏感性与其他混杂特征区分开来。对于海拔和距海岸距离相似的房产，这提供了预计被淹没时间的变化。在各种规格和测试设置中，我们发现精确估计的空结果表明价格影响有限。
Using a comprehensive database of coastal home sales merged with data on elevation relative to local tides, we compare prices for houses based on their inundation threshold under projections of sea level rise. The analysis separates the sensitivity of housing to rising seas from other confounding characteristics by exploiting cross-sectional differences in relative sea level rise due to vertical land motion. This provides variation in the expected time to inundation for properties of similar elevation and distance from the coast. In a variety of specifications and test settings, we find precisely estimated null results suggesting limited price effects.
最佳房地产资本耐久性和局部气候变化灾害风险。
影响因子：
2.4
作者：
bunten,devinmichelle;Kahn,MatthewE
通讯作者：
Kahn,MatthewE