Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2019.106534 |
Natural Disasters and Governmental Aid: Is there a Charity Hazard? | |
Andor, Mark A.1; Osberghaus, Daniel2; Simora, Michael1,3 | |
2020-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2020 |
卷号 | 169 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | In the aftermath of natural disasters, governments frequently provide financial aid for affected households. This policy can have adverse effects if individuals anticipate it and forgo private precaution measures. While theoretical literature unequivocally suggests this so called "charity hazard", empirical studies yield ambiguous results. Drawing on rich survey data from German homeowners, we analyze charity hazard for different private flood precaution strategies and flood exposed vs. non-exposed areas. Our results indicate a substantial charity hazard in the insurance market for individuals residing in flood-prone areas. In contrast, we find a positive correlation between governmental aid and non-financial protection measures. Moreover, our results suggest that insurance and non-financial protection measures are rather complements than substitutes. Finally, we provide suggestive evidence that status-quo bias might play an important role for insurance uptake. |
英文关键词 | Adaptation Flood protection Flood insurance Objective flood exposure Charity hazard |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000510953600049 |
WOS关键词 | FLOOD INSURANCE ; EMPIRICAL-EVIDENCE ; RISK PERCEPTIONS ; SELF-INSURANCE ; MITIGATION ; GERMANY ; EXPERIENCE ; HOUSEHOLDS ; MARKETS ; DEMAND |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/278961 |
专题 | 资源环境科学 |
作者单位 | 1.RWI Leibniz Inst Econ Res, Hohenzollernstr 1-3, D-45128 Essen, Germany; 2.ZEW Leibniz Ctr European Econ Res, Mannheim, Germany; 3.Ruhr Grad Sch Econ, Bochum, Germany |
推荐引用方式 GB/T 7714 | Andor, Mark A.,Osberghaus, Daniel,Simora, Michael. Natural Disasters and Governmental Aid: Is there a Charity Hazard?[J]. ECOLOGICAL ECONOMICS,2020,169. |
APA | Andor, Mark A.,Osberghaus, Daniel,&Simora, Michael.(2020).Natural Disasters and Governmental Aid: Is there a Charity Hazard?.ECOLOGICAL ECONOMICS,169. |
MLA | Andor, Mark A.,et al."Natural Disasters and Governmental Aid: Is there a Charity Hazard?".ECOLOGICAL ECONOMICS 169(2020). |
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