Does National Flood Insurance Program Participation Induce Excessive Development in High-Risk Areas? Evidence from Florida Counties
Posted: 1 Dec 2010
Date Written: November 29, 2010
Our study examines whether the NFIP induces excessive risk taking in real estate development, and the extent to which this places additional burdens on taxpayers. We use data from Florida over the period 1975 to 2000, during which time communities in each of the state's counties (with the exception of Highlands County) participated in the NFIP.
JEL Classification: K2
Suggested Citation: Suggested Citation