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DOI | 10.3368/le.95.1.124 |
Does Governmental Assistance Affect Private Decisions to Insure? An Empirical Analysis of Flood Insurance Purchases | |
Davlasheridze, Meri1; Miao, Qing2 | |
发表日期 | 2019 |
ISSN | 0023-7639 |
EISSN | 1543-8325 |
卷号 | 95期号:1页码:124-145 |
英文摘要 | In this paper, we empirically examine whether the Federal Emergency Management Agency's Public Assistance (PA) program, which targets postdisaster cleanup and infrastructure rehabilitation, affects household purchases of flood insurance. Using the fixed-effects model with instrumental variables to address the endogeneity of disaster aid, we find that increased PA grants reduce a county's flood insurance take-up rates, thereby driving down its total insurance coverage and premiums paid. Our findings provide empirical evidence on the crowding-out effect of public disaster programs, and shed light on their implicit social costs and increased federal financial exposure to natural disasters and climate change. |
WOS研究方向 | Business & Economics ; Environmental Sciences & Ecology |
来源期刊 | LAND ECONOMICS
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/93054 |
作者单位 | 1.Texas A&M Univ, Dept Marine Sci, Galveston, TX 77553 USA; 2.Rochester Inst Technol, Dept Publ Policy, Rochester, NY 14623 USA |
推荐引用方式 GB/T 7714 | Davlasheridze, Meri,Miao, Qing. Does Governmental Assistance Affect Private Decisions to Insure? An Empirical Analysis of Flood Insurance Purchases[J],2019,95(1):124-145. |
APA | Davlasheridze, Meri,&Miao, Qing.(2019).Does Governmental Assistance Affect Private Decisions to Insure? An Empirical Analysis of Flood Insurance Purchases.LAND ECONOMICS,95(1),124-145. |
MLA | Davlasheridze, Meri,et al."Does Governmental Assistance Affect Private Decisions to Insure? An Empirical Analysis of Flood Insurance Purchases".LAND ECONOMICS 95.1(2019):124-145. |
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