What’s at Stake? Understanding the Role of Home Equity in Flood Insurance Demand
Philip Mulder and
Yanjun Liao
No 24-06, Working Papers from Office of Financial Research, US Department of the Treasury
Abstract:
This paper finds that low home equity reduces the flood insurance demand of flood-exposed borrowers (Working Paper no. 24-06).
Keywords: climate risk; disaster insurance; household finance; home equity; housing cycles; implicit insurance (search for similar items in EconPapers)
Date: 2024-07-24
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Persistent link: https://EconPapers.repec.org/RePEc:ofr:wpaper:24-06
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