联邦紧急事务管理局社区评级系统对分配的影响

IF 1.3 Q3 AGRICULTURAL ECONOMICS & POLICY

Agricultural and Resource Economics Review Pub Date : 2024-01-03 DOI:10.1017/age.2023.37

Daniel A. Brent, Yongwang Ren, Douglas H. Wrenn

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引用次数: 0

摘要

社区分级系统（CRS）利用保险费折扣来激励对高于 NFIP 标准的降低风险投资。这些折扣通过提高非 CRS 社区的保费进行交叉补贴。我们研究了这些补贴的分配情况，发现确实发生了再分配，但收益和损失在经济上并不大，95% 的家庭的收益或损失不超过家庭收入的 0.3%。我们还研究了这些补贴与其他社区特征的关系，发现预测保费减少的最有力因素是社区内的基本洪水风险水平。因此，洪灾风险评估似乎降低了风险较高社区的生活成本。

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The distributional impact of FEMA’s community rating system

Community Rating System (CRS) incentivizes investments in risk reduction above NFIP standards using discounts on insurance premiums. These discounts are cross-subsidized by increasing premiums in non-CRS communities. We examine the distribution of these subsidies and find that redistribution does occur, but the gains and losses are not economically large with 95% of households gaining or losing no more than 0.3% of household income. We also examine their relationship with other community characteristics and find that the strongest predictor of premium reductions is the underlying flood risk level within the community. Thus, CRS appears to reduce the cost of living in the riskier communities.

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来源期刊

Agricultural and Resource Economics Review AGRICULTURAL ECONOMICS & POLICY-

CiteScore

2.20

自引率

0.00%

发文量

审稿时长

19 weeks

期刊介绍： The purpose of the Review is to foster and disseminate professional thought and literature relating to the economics of agriculture, natural resources, and community development. It is published twice a year in April and October. In addition to normal refereed articles, it also publishes invited papers presented at the annual meetings of the NAREA as well as abstracts of selected papers presented at those meetings. The Review was formerly known as the Northeastern Journal of Agricultural and Resource Economics