DO FLOODS HAVE PERMANENT EFFECTS? EVIDENCE FROM THE NETHERLANDS
type="main"> <title type="main">ABSTRACT</title> <p>This study investigates the short- and long-run impact on population dynamics of the major flood in the Netherlands in 1953. A dynamic difference-in-differences analysis reveals that the flood had an immediate negative impact on population growth, but limited long-term effects. In contrast, the resulting flood protection program (Deltaworks), had a persisting positive effect on population growth. As a result, there has been an increase in population in flood-prone areas. Our results suggest a moral hazard effect of flood mitigation leading to more people locating in flood-prone areas, increasing potential disaster costs.
Year of publication: |
2014
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Authors: | Husby, Trond G. ; Groot, Henri L.F. ; Hofkes, Marjan W. ; Dröes, Martijn I. |
Published in: |
Journal of Regional Science. - Wiley Blackwell, ISSN 0022-4146. - Vol. 54.2014, 3, p. 355-377
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Publisher: |
Wiley Blackwell |
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