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The Financial Times:
Subsidies encourage housebuilding on floodplains, report finds

1 January 2016

The UK taxpayer is left to pick up the cost of flooding because housebuilders do not contribute enough when building homes, giving them an incentive to build on floodplains, according to research. Flooding costs between 2 and 8 per cent of an area's economic activity in the year after a flood, the research for the London School of Economics' Centre for Economic Performance found.

This article was published by The Financial Times on January 1, 2016
Link to article here

Related publications
'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

Related links
Guy Michaels webpage
Ferdinand Rauch webpage
Labour Markets Programme webpage
Trade Programme webpage

Read more... The Financial Times