Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235367 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 8997
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
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.
Subjects: 
cities
climate change
sea level rise
JEL: 
R11
Q54
R14
Document Type: 
Working Paper
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