In a 2015 paper, Kyle D. Logue of The University of Michigan and Omri Ben-Shahar of the University of Chicago show that the amount of subsidy a household receives from Citizens increases with wealth. Insurance premiums for more expensive beachside properties are actually the most subsidized, turning the political justification for Citizens’ existence on its head.
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Published by Kevin D. Gomez
Kevin D. Gomez is an Instructor of Economics at Creighton University and Program Manager at the Institute for Economic Inquiry. He received his B.S. in Economics and Statistics from Florida State University and his M.A. from George Mason University. Trying to pay it forward by helping noneconomists make sense of the crazy world.
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