Wharton Study Finds Disaster Aid Displaces Property Insurance

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Date

June 22, 2015

News Type

Media Highlight

Source

R Street

Based on a working paper co-authored by Wharton’s Erwann Michel-Kerjan, along with Carolyn Kousky of Resources for the Future and Paul Raschky of Australia’s Monash University, the briefing notes that, for each additional $1,000 in average Individual Assistance grant size extended to residents of a particular ZIP code, average individual demand for insurance in that ZIP code fell by up to $6,000.

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