Learning about an Infrequent Event: Evidence from Flood Insurance Take-Up in the United States

By J. Gallagher. 2014

468 citations recorded by the source corpus.

Subfields: Global and Planetary Change, Sociology and Political Science, Soil Science

View Paper: https://www.semanticscholar.org/paper/5b93dd0c822c6f96aeb2b98a45bbf5354a605010

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Citations in the corpus

Coronavirus Fears and Macroeconomic Expectations (2020, unknown): “Previous literature documents that consumer knowledge of the Fed, monetary policy, interest rates, and inflation is quite limited and heterogeneous Kumar et al. (2015); Binder (2017a); Coibion et al.”
People, Places and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs (2014, background): “Currently, there are no government programs that explicitly seek to insure against localized real estate risk,42 other than specialized programs like flood insurance that insure against natural disasters (see Gallagher, 2013 for an analysis).”
Financing Flood Losses: A Discussion of the National Flood Insurance Program (2017, unknown): “Several studies have found that after a flood event or a year with high flood damages, take-up rates for flood insurance increase, but the effect dies out in a few years (Browne and Hoyt 2000; Gallagher 2014; Atreya et al. 2015).”
Wildfire risk, salience & housing demand (2018, methodology): “Finally, using national data on regional floods and flood insurance policies, Gallagher (2014) finds that flood insurance take-up increases the year after a flood, but steadily decreases to baseline levels thereafter.”
Do Managers Overreact to Salient Risks? Evidence from Hurricane Strikes (2017, background): “In addition, low-probabilities are subject to the greatest distortions because 7 Gallagher (2014) also finds that people buy more flood insurance policies in the year following a large regional flood.”
Do Risk Preferences Change? Evidence from the Great East Japan Earthquake (2018, unknown): “Gallagher (2014) also shows that flood insurance take-up spikes the year after a flood but then steadily declines to the baseline.”
Rising sea levels and sinking property values: Hurricane Sandy and New York’s housing market (2018, background): “5 In contrast o this view, many studies have documented large negative price efects following hurricanes and other catastrophic events ( Hallstrom and mith, 2005; Atreya et al., 2013; Bin and Landry, 2013; Zhang, 2016 ) as ell as spikes in flood insurance take-up rates ( Gallagher, 2014 ).”
Examining Flood Insurance Claims in the United States: Six Key Findings (2017, unknown): “For example, flood insurance purchases have been found to increase immediately following disaster events and then decline (Gallagher, 2014).”