Floods and homeowners’ financial resilience: Survey-based evidence from the Netherlands

Dorien de Leeuw and David-Jan Jansen

Working Papers from DNB

Abstract: We study homeowners’ financial resilience in the face of flood risk. Us- ing three subsequent surveys among Dutch households, we compare owners of at-risk properties to a control sample of owners living out- side a potential flood zone. While the former start exhibiting greater awareness of flood risk, this awareness is not specifically reflected in financial resilience. First, we find no significant differences in terms of net financial wealth or savings. Second, the mortgages that finance the properties have comparable loan-to-value ratios, both at origina- tion and over time. The findings on resilience may reflect a high degree of trust in flood protection. The absence of insurance coverage com- bined with expected ex post government support may also be a factor.

Keywords: homeownership; insurance protection gaps; protection mo- tivation theory; financial resilience (search for similar items in EconPapers)
JEL-codes: D14 Q54 Q56 (search for similar items in EconPapers)
Date: 2025-10
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.dnb.nl/media/b4nbacyz/working_paper_no-845.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:dnb:dnbwpp:845

Access Statistics for this paper

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