Fixed Effects Model: Impact of Public Assistance Grants on Household Flood Insurance Purchases
ln_policy | ln_coverage | ln_premium | ln_take-up | |
---|---|---|---|---|
ln_PA, t – 1 | 0.0006 (0.0004) | 0.0008 (0.0005) | 0.0004 (0.0005) | 0.0007 (0.0004) |
ln_IA, t – 1 | 0.0029*** (0.0004) | 0.0029*** (0.0006) | 0.0027*** (0.0005) | 0.0030*** (0.0004) |
Rain, t | 0.0085*** (0.0020) | 0.0096*** (0.0025) | 0.0073*** (0.0022) | 0.0085*** (0.0020) |
Rain, t – 1 | 0.0119*** (0.0019) | 0.0142*** (0.0025) | 0.0132*** (0.0023) | 0.0122*** (0.0019) |
Rain, t – 2 | 0.0081*** (0.0021) | 0.0093*** (0.0026) | 0.0082*** (0.0024) | 0.0077*** (0.0021) |
Rain, t – 3 | 0.0058*** (0.0019) | 0.0087*** (0.0025) | 0.0068*** (0.0024) | 0.0057*** (0.0019) |
Income, t – 1 | 0.3964*** (0.0701) | 0.6905*** (0.0947) | 0.4153*** (0.0825) | 0.3575*** (0.0699) |
Loan, t – 1 | 0.0034 (0.0039) | 0.0072* (0.0042) | 0.0029 (0.0035) | 0.0029 (0.0038) |
Population, t – 1 | 0.9981*** (0.0878) | 1.1727*** (0.1061) | 0.9618*** (0.0969) | 0.0594 (0.0861) |
Constant | –10.0499*** (1.2277) | –3.4009** (1.5550) | –3.5347** (1.4041) | –10.2838*** (1.2231) |
R2 | 0.26 | 0.40 | 0.29 | 0.20 |
N | 34,366 | 34,366 | 34,366 | 34,366 |