Flood protection and endogenous sorting of households: the role of credit constraints
Trond Husby (),
Henri de Groot,
Marjan W. Hofkes () and
Tatiana Filatova
Additional contact information
Trond Husby: TNO, Strategy & Policy
Marjan W. Hofkes: VU University Amsterdam
Mitigation and Adaptation Strategies for Global Change, 2018, vol. 23, issue 2, No 1, 147-168
Abstract:
Abstract Human migration is increasingly seen as a promising climate change adaptation and flood risk reduction strategy. The purpose of this paper is to investigate how spatial differences in flood risk, due to differences in flood protection, reduce the mobility of vulnerable households through a credit constraint mechanism. Using an equilibrium model with two households types and endogenous sorting, we show how spatial differences in flood protection lead to clustering of vulnerable households in a risky region, in a real-world setting of common United States (US) flood zones. We find clustering effects of some size for flood zones with return periods of less than 30 years.
Keywords: Flood protection; Climate change; Adaptation; Tiebout-sorting; Credit constraints (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://link.springer.com/10.1007/s11027-015-9667-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
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:spr:masfgc:v:23:y:2018:i:2:d:10.1007_s11027-015-9667-7
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11027
DOI: 10.1007/s11027-015-9667-7
Access Statistics for this article
Mitigation and Adaptation Strategies for Global Change is currently edited by Robert Dixon
More articles in Mitigation and Adaptation Strategies for Global Change from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().