Cities and the Sea Level

65 Pages Posted: 10 Apr 2021

See all articles by Yatang Lin

Yatang Lin

Hong Kong University of Science & Technology (HKUST)

Thomas McDermott

London School of Economics

Guy Michaels

London School of Economics

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Abstract

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out, especially when sea levels are rising. We study this construction using spatially disaggregated data on the US Atlantic and Gulf coasts. We document nine stylized facts, including a sizeable rise in the share of coastal housing built on flood-prone land from 1990-2010, which concentrated particularly in densely populated areas. To explain our findings, we develop a model of a monocentric coastal city, which we then use to explore the consequences of sea level rise and government policies.

JEL Classification: R11, Q54, R14

Suggested Citation

Lin, Yatang and McDermott, Thomas and Michaels, Guy, Cities and the Sea Level. IZA Discussion Paper No. 14243, Available at SSRN: https://ssrn.com/abstract=3823610 or http://dx.doi.org/10.2139/ssrn.3823610

Yatang Lin (Contact Author)

Hong Kong University of Science & Technology (HKUST) ( email )

Clearwater Bay
Kowloon, 999999
Hong Kong

Thomas McDermott

London School of Economics

Guy Michaels

London School of Economics ( email )

United Kingdom

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