Community-level flood mitigation effects on household-level flood insurance and damage claims payments

The Community Rating System (CRS) was introduced to encourage community-level flood mitigation and increase household-level National Flood Insurance Program (NFIP) participation. It is not clear, however, if and to what extent community participation in the CRS increases household participation in the NFIP and decreases damage claims payments. We employ genetic matching methods and estimate fixed-effects and Mundlak-style panel regression models that control for key geospatial, socioeconomic, and time effects to isolate the CRS treatment effect on these outcomes. Results show a positive and significant effect of CRS participation on NFIP participation, whereas significant effects on damage claims payments are limited.


Issue Date:
2017-03
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/254075
Total Pages:
47
JEL Codes:
C23; D12
Series Statement:
Working Paper
2017-1




 Record created 2017-04-01, last modified 2017-08-29

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