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Cities and the sea level

Michaels, Guy ORCID: 0000-0002-8796-4536, Lin, Yatang and McDermott, Thomas K. J. (2021) Cities and the sea level. CEP Discussion Papers (1758). Centre for Economic Performance, LSE, London, UK.

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Abstract

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out, especially when sea levels are rising. We study this construction using spatially disaggregated data on the US Atlantic and Gulf coasts. We document nine stylized facts, including a sizeable rise in the share of coastal housing built on flood-prone land from 1990-2010, which concentrated particularly in densely populated areas. To explain our findings, we develop a model of a monocentric coastal city, which we then use to explore the consequences of sea level rise and government policies.

Item Type: Monograph (Discussion Paper)
Official URL: https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information: © 2021 The Authors
Divisions: Economics
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Q Science > QC Physics
H Social Sciences > HD Industries. Land use. Labor
JEL classification: R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R14 - Land Use Patterns
Date Deposited: 22 Mar 2022 12:03
Last Modified: 22 Mar 2022 12:03
URI: http://eprints.lse.ac.uk/id/eprint/114428

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