Table 5

Logit Regression Results

	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.