Article Figures & Data
Figures
- Figure 1
Spatial Distribution of Survey Respondents by Zip Codes
- Figure 2
Spatial Distribution of Survey Respondents by Zip Codes
Tables
Variable Definition Estimated risk What do you think the probability is your home will be hit by a flood in the next 30 years? (0-100) Neighbors move % Estimate of % of neighbors that would take a buyout (0-100) Inhabitants Number of people living in household Years in town How many years have you lived in your town? Family in town Has family in town Neighbor talk daily I communicate with my neighbors daily Environmental concern Agree buyouts are good for the environment Ocean Home in V-zone: subject to wave action Ever claim Has made a flood insurance claim on your home Ever claim >$25k Has made a claim for more than $25,000 Home value $100-$250k Home value is $100,000-$250,000 Home value $250k+ Home value is $250,000 and higher Has insurance Home is currently covered by flood insurance Premium ($) Annual flood insurance premium Premium savings ($) Amount per year would save on premium if take coupled buyout Home raised Has your home ever been elevated? Income $70k-$149k Income $70,000-$149,000 Income $150k+ Income above $150,000 Age 35-54 Age 35-54 Age 55+ Age 55 and older College degree Bachelor’s degree completed Advanced degree Advanced degree completed White White Black Black Variable N Mean SD Min. Max. Estimated risk 447 47.4 28.6 0 100 Neighbors move % 447 58.6 25.3 0 100 Years in town 447 20.0 14.3 1 72 Family in town 447 0.43 0.50 0 1 Neighbor talk daily 447 0.25 0.43 0 1 Environmental concern 447 0.26 0.44 0 1 Home raised 447 0.19 0.39 0 1 Ocean 447 0.10 0.30 0 1 Has insurance 447 0.47 0.50 0 1 Premium/yr ($100) 447 6.00 12.5 0 120 Ever claim 447 0.27 0.44 0 1 Ever claim >$25k 447 0.10 0.30 0 1 Home value $100k-$250k 447 0.52 0.50 0 1 Home value $250k+ 447 0.30 0.46 0 1 Income $70k-$149k 447 0.43 0.50 0 1 Income $150k+ 447 0.07 0.26 0 1 Inhabitants 447 2.73 1.40 0 8 Age 35-54 447 0.31 0.46 0 1 Age 55+ 447 0.39 0.49 0 1 College degree 447 0.35 0.48 0 1 Advanced degree 447 0.23 0.42 0 1 White 447 0.78 0.42 0 1 Black 447 0.11 0.31 0 1 Linear (N=447) Ln (N=443) Coefficient SE Coefficient SE Estimated risk 6.665*** 1.714 0.014*** 0.003 Neighbors move % 4.542*** 1.812 0.005* 0.003 Years in town 4.439 3.138 0.007 0.005 Family in town 30.80 90.26 0.137 0.144 Neighbor talk daily 46.82 99.70 0.050 0.160 Environmental concern 104.4 93.61 0.343** 0.149 Home raised 133.2 111.8 0.303* 0.179 Ocean −51.01 142.4 −0.234 0.228 Has insurance −116.6 100.2 −0.202 0.160 Premium/yr ($) 8.895** 3.985 0.002 0.006 Ever claim −261.0** 121.8 −0.229 0.193 Ever claim >$25k 618.0*** 169.8 0.600** 0.269 Home value $100-$250k 59.38 114.7 0.346* 0.184 Home value $250k+ 19.57 132.7 0.282 0.214 Income $70k-$149k 235.6** 97.10 0.621*** 0.154 Income $150k+ 676.2*** 182.7 1.13*** 0.289 Inhabitants 40.36 34.36 0.099* 0.054 Age 35-54 −110.0 108.5 −0.412** 0.173 Age 55+ −39.14 118.0 −0.084 0.188 College degree 218.2** 96.59 0.354** 0.152 Advanced degree 155.7 119.0 0.348* 0.191 White 111.4 134.5 0.148 0.213 Black −113.8 179.8 −0.081 0.288 Regional fixed effects Yes Yes In(σ) 6.718*** 0.036 0.262*** 0.038 Σ 827.5 29.81 1.300 0.049 Log-likelihood −1,426.0028 −961.40562 Note: σ is calculated from the estimated ln(σ).
↵***, **, * Significance at the 1%, 5%, and 10% levels, respectively.
Willingness To Accept Buyout Coupled with Flood Insurance Yes No Total Currently Yes 175 35 210 has flood No 135 102 237 insurance Total 310 137 447 All Observations (N=447) Respondents with Insurance (N=210) Variable Coefficient SE Coefficient SE Estimated risk 0.022*** 0.006 0.018** 0.010 Neighbors move % 0.005 0.006 0.012 0.010 Years in town 0.025** 0.010 −0.001 0.010 Family in town −0.609** 0.292 −0.125 0.445 Neighbor talk daily −0.274 0.315 −0.696 0.431 Environmental concern 0.973*** 0.311 1.70*** 0.578 Home raised 0.536 0.407 0.836 0.824 Ocean −0.001 0.470 1.01 0.657 Has insurance 0.744 0.657 Premium savings −0.095 0.064 −0.020* 0.011 Has insurance * premium savings 0.071 0.065 Ever claim 0.732* 0.432 1.28*** 0.485 Ever claim >$25k 0.245 0.693 0.181 1.07 Home value $100-$250k 0.396 0.427 0.104 0.755 Home value $250k+ −0.007 0.559 −0.445 0.778 Income $70k-$149k 0.741** 0.308 0.537 0.393 Income $150k+ 1.22** 0.630 1.55* 0.874 Inhabitants 0.264** 0.113 0.089 0.144 Age 35-54 −0.510 0.360 0.012 0.317 Age 55+ 0.410 0.360 1.53* 0.808 College degree −0.154 0.303 0.320 0.433 Advanced degree −0.080 0.358 −0.239 0.406 White 0.139 0.410 −0.422 0.487 Black 3.42*** 1.13 1.37*** 0.441 Constant Regional fixed effects −1.14 1.65 Clustered SEs No Yes Log-likelihood −172.09509 −72.658392 Note: The dependent variable is a dummy variable equal to one if the respondent states they would accept the buyout program coupled with flood insurance and zero otherwise.
↵***, **, * Significance at the 1%, 5%, and 10% levels, respectively.
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