Does National Flood Insurance Program Participation Induce Housing Development?
利用面板数据方法，研究了佛罗里达州各县参与国家洪水保险计划对住房开发的影响，发现非沿海县住房开工和许可增加，而沿海县则显著下降。
Abstract We estimate the effects on county‐wide housing development in Florida of community‐level participation in the National Flood Insurance Program using panel data methods and observed variation in the timing of the decision to join the program. We find that program participation “increased” housing starts and permits in noncoastal counties, while coastal counties with average flood zone acreage saw significant “declines” in housing activity. We conjecture that loss‐mitigating regulatory costs, an obligation of obtaining insurance, might explain these findings.