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Who lives in flood prone areas?

In: The Economics of Environmental Risk

Author

Listed:
  • V. Kerry Smith
  • Ben Whitmore

Abstract

Tiebout's [1956] analysis of why households select communities is important to predictions for income distributions. We use IRS records at the zip code level from 2009 to 2017 to compare the real median incomes of homeowners in areas with flooding risks to adjacent areas. The real income was consistently higher for households in shoreline locations in 36% of the areas with significant flood risks compared to the adjoining locations. An equal percentage (36%) had no significant difference. In the remainder (28%), the real median incomes are lower in shoreline locations compared to adjoining zip codes.

Suggested Citation

  • V. Kerry Smith & Ben Whitmore, 2022. "Who lives in flood prone areas?," Chapters, in: The Economics of Environmental Risk, chapter 22, pages 315-330, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1195_22
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