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Cities and the Sea Level

Author

Listed:
  • Yatang Lin
  • Thomas K.J. McDermott
  • Guy Michaels

Abstract

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out, especially when sea levels are rising. We study this construction using spatially disaggregated data on the US Atlantic and Gulf coasts. We document nine stylized facts, including a sizeable rise in the share of coastal housing built on flood-prone land from 1990-2010, which concentrated particularly in densely populated areas. To explain our findings, we develop a model of a monocentric coastal city, which we then use to explore the consequences of sea level rise and government policies.

Suggested Citation

  • Yatang Lin & Thomas K.J. McDermott & Guy Michaels, 2021. "Cities and the Sea Level," CESifo Working Paper Series 8997, CESifo.
    • Handle: RePEc:ces:ceswps:_8997
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    1. Jedwab, Remi & Haslop, Federico & Zarate, Roman David & Rodriguez Castelan, Carlos, 2023. "The Effects of Climate Change in the Poorest Countries: Evidence from the Permanent Shrinking of Lake Chad," IZA Discussion Papers 16396, Institute of Labor Economics (IZA).
    2. Jacopo Ponticelli & Qiping Xu & Stefan Zeume, 2023. "Temperature and Local Industry Concentration," Working Papers 23-51, Center for Economic Studies, U.S. Census Bureau.

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    More about this item

    Keywords

    cities; climate change; sea level rise;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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