Socioeconomic Effects of the National Flood Insurance Program is now available03 May 2016
I am happy to say my book, Socioeconomic Effects of the National Flood Insurance Program, is now for sale. It has actually been available for a few days on SpringerLink. But now you can purchase hardcopies from Amazon and other websites. From the sales copy:
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.
This book was written from 2010 through 2014 as part of my dissertation research at UMBC. This is quite exciting, so go buy a copy!
Image by Johannes Jansson / Wikimedia Commons