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Socioeconomic Effects of the National Flood Insurance Program

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Socioeconomic Effects of the National Flood Insurance Program/ by James P. Howard, II.
Author:	Howard, II, James P.
Description:	XV, 124 p. 23 illus., 16 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Public policy. -
Online resource:	https://doi.org/10.1007/978-3-319-29063-8
ISBN:	9783319290638

Socioeconomic Effects of the National Flood Insurance Program
Howard, II, James P.

Socioeconomic Effects of the National Flood Insurance Program[electronic resource] /by James P. Howard, II. - 1st ed. 2016. - XV, 124 p. 23 illus., 16 illus. in color.online resource. - SpringerBriefs in Political Science,2191-5466. - SpringerBriefs in Political Science,.

1. Introduction -- 2. Literature review -- 3. Retrospective Analysis: Structure -- 4. Consumer Surplus of Flood Insurance -- 5. Retrospective Analysis: Results -- 6. Distributionally Weighted Result -- 7. Governmental Income Analysis -- 8. Conclusion.

This Brief presents a benefit-cost analysis of the National Flood Insurance Program (NFIP) as well as an evaluation of its cumulative socioeconomic effects. Created by Congress in 1968, the NFIP provides flood insurance protection to property owners, in return for local government commitment to sound floodplain management. Since 1994, the NFIP has included a Flood Mitigation Assistance (FMA) program to provide local communities with support for flood mitigation. This book offers quantitative evidence of the net social benefit of the NFIP for the years 1996-2010, including an independent assessment of the consumer benefit. Second, it provides distributionally weighted analysis to show the socioeconomic effects of payments and claims. Finally, this Brief includes an analysis of the change in government revenue attributable to the NFIP and FMA programs. The models used in each component of the analysis are usable by others for extending and revising the analysis. Providing a comprehensive analysis of this increasingly important federal policy, this Brief will be of use to students of environmental economics and public policy as well as those interested in risk management in the era of climate change. .

ISBN: 9783319290638

Standard No.: 10.1007/978-3-319-29063-8doiSubjects--Topical Terms:

1002398
Public policy.

LC Class. No.: JF1525.P6

Dewey Class. No.: 320.6

Socioeconomic Effects of the National Flood Insurance Program
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