This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic … suffered damage, along with higher exit rates. The persistence of the effects is consistent with an upward revision of flood …-risk beliefs triggered by the hurricane. These findings suggest that businesses are adapting to the higher flood-risk environment …

of a natural experiment created by the European Flood of August 2002. Using micro data from the German Socio …-Economic Panel that we combine with geographic flood data, we compare the savings behavior of affected and non-affected individuals …

on the foodplain, as defined by the National Flood Insurance Program (NFIP), relative to properties located elsewhere …

-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which …

Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known … about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the … vicinity of the flood zone based on building-level inundation data. We illustrate our approach using data for New York after …

We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk … the flood zone and its periphery. The reform had highly heterogeneous effects on insurance costs and triggered adjustments … in coverage and deductibles. On average, RR2 increased costs for renewers outside of the flood zone but lowered them for …

natural disasters intensified by anthropogenic climate change. To this end, we link official geo-coded satellite data on flood …-affected buildings to neighborhood-level information on socio-economic status. We then document the empirical relationship between flood … percent lower in flood-affected neighborhoods than in non-affected neighborhoods nearby. Our study is the first to document …