Flood Damage Avoided by Potential Spending on Property-Level Adaptations: Working Paper 2024-03

Evan Herrnstadt and Jared Jageler

No 58168, Working Papers from Congressional Budget Office

Abstract: This working paper provides an estimate of the potential damage avoided from spending by governments and homeowners on property-level flood risk adaptations, primarily buyouts and elevations. The literature on that topic offers some estimates, but they are difficult to compare and apply across contexts because they analyze different adaptation measures, cover different geographic scopes, and use different modeling approaches. To provide a set of internally consistent estimates, therefore, we develop a nationwide framework using inland and coastal residential properties that

JEL-codes: H84 Q54 Q58 (search for similar items in EconPapers)
Date: 2024-05-28
New Economics Papers: this item is included in nep-env and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2024-05/58168-Flood-Adaptation.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:58168

Access Statistics for this paper

More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().