Nudge to flood insurance

Integrated Catastrophic Flood Model for Designing Robust Flood Insurance Program

What Drives Households to Buy Flood Insurance? Evidence from Georgia

Benefiting from access to detailed data on the federally run National Flood Insurance Program for the entire state of Georgia, USA, we analyze residential flood insurance purchasing behavior in that state over more than three decades (1978–2010). The demand for flood insurance on an extensive margin, based on take-up rates, is found to be relatively price inelastic. Aligned with the behavioral ...

Flood-resilient waterfront development in New York City: bridging flood insurance, building codes, and flood zoning.

Waterfronts are attractive areas for many-often competing-uses in New York City (NYC) and are seen as multifunctional locations for economic, environmental, and social activities on the interface between land and water. The NYC waterfront plays a crucial role as a first line of flood defense and in managing flood risk and protecting the city from future climate change and sea-level rise. The ci...

Who Is Easier to Nudge?

We study heterogeneity in the responsiveness to choice architecture, focusing on the propensity of low-income versus high-income employees to opt out of the default contribution rate in 401(k) retirement savings plans. We develop a statistical model to distinguish between two underlying sources of heterogeneity: low-income employees may be more likely to remain at the default because it is simi...

To nudge or not to nudge: cancer screening programmes and the limits of libertarian paternalism.

'Nudging--and the underlying idea 'libertarian paternalism'--to an increasing degree influences policy thinking in the healthcare sector. This article discusses the influence exerted upon a woman's choice of participation in the Danish breast screening programme in light of 'libertarian paternalism'. The basic tenet of 'libertarian paternalism' is outlined and the relationship between 'libertar...