Faculty Work by year
Title
A Flood of Construction: The Role of Levees in Urban Floodplain Development
Document Type
Article
Publication Date
2-28-2022
Publication Title
Land Economics
Volume Number
98
Issue Number
1
DOI
https://doi.org/10.3368/le.98.1.071520-0106R1
Abstract
We estimate the impact of levee-related flood risk reduction on rates of new housing development. Using a fixed effect Poisson regression and a nonlinear difference-in-differences identification strategy, we find that newly constructed levees increased the rate of residential development by over 50 percent compared to areas without levee protection. Contemporary analysis using a duration model indicates effects lasting decades later, with the magnitude of the induced development attenuating over time. Our findings inform discussion of the “Levee Effect” and highlight the possibility that further flood-risk reduction investment in levees may be partially offset through increased development activity.
First Page
78
Last Page
97
Recommended Citation
Georgic, Will and Klaiber, H. Allen, "A Flood of Construction: The Role of Levees in Urban Floodplain Development" (2022). Faculty Work by year. 32.
https://digitalcommons.owu.edu/faculty_pubs/32
Link Out URL
https://doi.org/10.3368/le.98.1.071520-0106R1