报告题目：Does Flood Insurance Help Neighborhoods Recover from Flooding？
主讲人：许亦岚，浙江大学本科，匹兹堡大学经济学博士，现任伊利诺伊香槟分校农业经济系副教授。她的研究主要利用量化和模型的方法，量化金融、健康和环境风险，增加我们对于风险韧性的认知，并提出更好的解决方案。她的研究基于个体的决策，包括家庭、国内及跨国政策制定者，提出包容的解决方案，以促进气候变化和疫情等全球危机的协调和合作。研究发表在Proceedings of the National Academy of Sciences, Journal of Consumer Affairs, Journal of Economic Behavior and Organization, Economic Inquiry, Journal of Environmental Economics and Management, Regional Science and Urban Economics, Journal of Economic Geography, and Social Science and Medicine. 同时，她是ACCI的时任主席。
时 间：2024年6月20日（周四），12:30-14:00
地 点：经济楼N308
简 介：This study investigates the impact of flood insurance on neighborhood recovery following flooding events. Utilizing a shift-share instrumental variable approach, we assess the influence of flood insurance claims on housing prices in the aftermath of Hurricane Harvey in the Houston area. Our analysis reveals that flood insurance claims at the census-tract level have a significant protective effect on housing prices. For every $1,000 increase in claims per single-family household in a census tract, housing prices increase by 1.4%, which is equivalent to $3,080 given the median housing value of $220,000 in the sample. We find that while the median homeowner in affected tracts experiences a 2% decrease in housing values after a flood, homeowners in neighborhoods at the 75th percentile of flood insurance claims see no such decrease. Additionally, we observe substantial positive spillover effects of flood insurance claims on the prices of nearby uninsured homes. Examining distributional impacts, we find that disadvantaged neighborhoods benefit more from flood insurance claims since the marginal dollar in claims has a larger impact on these neighborhoods. We further explore potential mechanisms driving these outcomes and uncover suggestive evidence that, post-Harvey, homes listed for sale in well-insured tracts are less likely to be foreclosed properties, more likely to have undergone home remodeling, and tend to command higher listing prices.
