Social interactions and households’ flood insurance decisions
https://www.sciencedirect.com/science/article/pii/S0304405X22000563
May 01, 2022 · 1. Introduction. Flooding, the most costly natural disaster in the US, is drawing increasing attention in public policy debates. 1 Flood risk materializes with low frequency but has catastrophic consequences for households’ asset values and welfare, making insurance crucial to hedge this tail risk. However, US households’ take-up rate of flood insurance is …
DA: 22 PA: 20 MOZ Rank: 76