Earthquake Risk in Japan: Consumers' Risk Mitigation Responses After the Great East Japan Earthquake
The destructive impact of the Great East Japan Earthquake and subsequent tsunami on March 11, 2011 has enhanced consumer's earthquake preparedness even in unaffected areas. This paper uses unique survey data collected after the earthquake to study how consumers reacted to this catastrophic even...
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| Veröffentlicht in: | Journal of economic issues 2012-06, Vol.46 (2), p.519-530 |
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| container_title | Journal of economic issues |
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| creator | Naoi, Michio Seko, Miki Ishino, Takuya |
| description | The destructive impact of the Great East Japan Earthquake and subsequent tsunami on March 11, 2011 has enhanced consumer's earthquake preparedness even in unaffected areas. This paper uses unique survey data collected after the earthquake to study how consumers reacted to this catastrophic event. We find that self-reported, perceived preparedness for natural disasters has significantly improved even among low-income households after March 11, but that post-quake intentions for more specific risk mitigation activities were systematically associated with household income and wealth levels. Our results indicate that the recent events might have widened the gap in disaster preparedness between rich and poor. |
| doi_str_mv | 10.2753/JEI0021-3624460227 |
| format | Article |
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This paper uses unique survey data collected after the earthquake to study how consumers reacted to this catastrophic event. We find that self-reported, perceived preparedness for natural disasters has significantly improved even among low-income households after March 11, but that post-quake intentions for more specific risk mitigation activities were systematically associated with household income and wealth levels. 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Our results indicate that the recent events might have widened the gap in disaster preparedness between rich and poor.</description><subject>Consumer behaviour</subject><subject>disaster preparedness</subject><subject>Earthquake damage</subject><subject>Earthquake insurance</subject><subject>earthquake risk</subject><subject>Earthquakes</subject><subject>Economic psychology</subject><subject>Emergency preparedness</subject><subject>Group behaviour</subject><subject>Household consumption</subject><subject>Household income</subject><subject>Households</subject><subject>Impact analysis</subject><subject>Japan</subject><subject>Low income groups</subject><subject>Natural disasters</subject><subject>Physical damage</subject><subject>Property damage</subject><subject>Retrofitting</subject><subject>Risk</subject><subject>risk mitigation</subject><subject>Self insurance</subject><subject>Studies</subject><issn>0021-3624</issn><issn>1946-326X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2012</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>BEC</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNp9kUtLxDAUhYMoOD7-gCAEXOimmiZpMhFcyDC-UARRcFfutLeasdPMJCnivzdSUXDhKovvO4dwLiF7OTvmuhAnN9NrxnieCcWlVIxzvUZGuZEqE1w9r5PRD90kWyHMGWOFLIoRqafg4-uqhzekDza8UdvRG1hCd0onrgv9An04HMidjfYFonUdfcCwTBQDPW8iehpfkV56hEinEOJQQH-bd8hGA23A3e93mzxdTB8nV9nt_eX15Pw2qxTTMTOzChivUIoCtcnBjGE2QyWZUE0DyGVdCY1YjWs5A2OY0EaoXKEupDZNUYttcjT0Lr1b9RhiubChwraFDl0fypxxrXSaJ0_qwR917nrfpd8lKzdMmrH5svhgVd6F4LEpl94uwH8kqfwavvwevvwdPoX2h9A8ROd_EjxdomCCJ342cNs1zi_g3fm2LiN8tM43HrrKhlL80_8JG3eSXA</recordid><startdate>20120601</startdate><enddate>20120601</enddate><creator>Naoi, Michio</creator><creator>Seko, Miki</creator><creator>Ishino, Takuya</creator><general>Routledge</general><general>M.E. 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| ispartof | Journal of economic issues, 2012-06, Vol.46 (2), p.519-530 |
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| language | eng |
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| source | Jstor Complete Legacy; EBSCOhost Business Source Complete |
| subjects | Consumer behaviour disaster preparedness Earthquake damage Earthquake insurance earthquake risk Earthquakes Economic psychology Emergency preparedness Group behaviour Household consumption Household income Households Impact analysis Japan Low income groups Natural disasters Physical damage Property damage Retrofitting Risk risk mitigation Self insurance Studies |
| title | Earthquake Risk in Japan: Consumers' Risk Mitigation Responses After the Great East Japan Earthquake |
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