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Homeowners and flood risk: A disconnect between awareness and actions?

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  • David-Jan Jansen

Abstract

For homeowners, climate change can have implications through physical as well as transition shocks. Based on two surveys among Dutch homeowners, we find evidence for a disconnect between awareness and intentions to mitigate. Owners of at-risk properties are ten percentage points more likely to see floods as the main threat to their home. However, at-risk owners are also five percentage points less likely to consider improving their property's energy efficiency. Trust in flood protection turns out to be a relevant factor. In particular, at-risk owners with high levels of trust are less likely to consider improvements in energy efficiency. We discuss implications for risk communication.

Suggested Citation

  • David-Jan Jansen, 2023. "Homeowners and flood risk: A disconnect between awareness and actions?," Working Papers 791, DNB.
    • Handle: RePEc:dnb:dnbwpp:791
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    References listed on IDEAS

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    Cited by:

    1. Francesco Caloia & David-Jan Jansen & Kees van Ginkel, 2023. "Floods and financial stability: Scenario-based evidence from below sea level," Working Papers 796, DNB.

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    More about this item

    Keywords

    homeownership; floods; mitigation; risk communication;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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