气候风险认知和洪水保险需求

IF 2.9 3区经济学 Q2 BUSINESS, FINANCE

Financial Management Pub Date : 2023-01-18 DOI:10.1111/fima.12414

Dimuthu Ratnadiwakara, Buvaneshwaran Venugopal

{"title":"气候风险认知和洪水保险需求","authors":"Dimuthu Ratnadiwakara, Buvaneshwaran Venugopal","doi":"10.1111/fima.12414","DOIUrl":null,"url":null,"abstract":"<p>The demand for flood insurance is low when the frequency and severity of flood disasters are increasing due to climate change. We show that beliefs about climate change influence homeowners' choice and level of flood insurance coverage. The demand for voluntary flood insurance coverage for homes and contents is higher in areas with more people who are worried about global warming. Property-level analysis shows that individuals are more likely to terminate flood insurance after unanticipated premium increases if they do not perceive climate change as a risk. We use the heterogeneous impact of widening partisan polarization on climate change beliefs to rule out alternative explanations.</p>","PeriodicalId":48123,"journal":{"name":"Financial Management","volume":"52 2","pages":"297-331"},"PeriodicalIF":2.9000,"publicationDate":"2023-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Climate risk perceptions and demand for flood insurance\",\"authors\":\"Dimuthu Ratnadiwakara, Buvaneshwaran Venugopal\",\"doi\":\"10.1111/fima.12414\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>The demand for flood insurance is low when the frequency and severity of flood disasters are increasing due to climate change. We show that beliefs about climate change influence homeowners' choice and level of flood insurance coverage. The demand for voluntary flood insurance coverage for homes and contents is higher in areas with more people who are worried about global warming. Property-level analysis shows that individuals are more likely to terminate flood insurance after unanticipated premium increases if they do not perceive climate change as a risk. We use the heterogeneous impact of widening partisan polarization on climate change beliefs to rule out alternative explanations.</p>\",\"PeriodicalId\":48123,\"journal\":{\"name\":\"Financial Management\",\"volume\":\"52 2\",\"pages\":\"297-331\"},\"PeriodicalIF\":2.9000,\"publicationDate\":\"2023-01-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Financial Management\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/fima.12414\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Financial Management","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/fima.12414","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

当气候变化导致洪水灾害的频率和严重程度增加时，对洪水保险的需求很低。我们发现，对气候变化的信念会影响房主的洪水保险选择和水平。在担心全球变暖的人口较多的地区，对房屋和物品的自愿洪水保险的需求更高。财产层面的分析表明，如果个人不认为气候变化是一种风险，那么在意外的保费增加后，他们更有可能终止洪水保险。我们利用党派两极分化扩大对气候变化信念的异质影响来排除其他解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Climate risk perceptions and demand for flood insurance

The demand for flood insurance is low when the frequency and severity of flood disasters are increasing due to climate change. We show that beliefs about climate change influence homeowners' choice and level of flood insurance coverage. The demand for voluntary flood insurance coverage for homes and contents is higher in areas with more people who are worried about global warming. Property-level analysis shows that individuals are more likely to terminate flood insurance after unanticipated premium increases if they do not perceive climate change as a risk. We use the heterogeneous impact of widening partisan polarization on climate change beliefs to rule out alternative explanations.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Financial Management BUSINESS, FINANCE-

CiteScore

6.00

自引率

0.00%

发文量

期刊介绍： Financial Management (FM) serves both academics and practitioners concerned with the financial management of nonfinancial businesses, financial institutions, and public or private not-for-profit organizations.