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.
Published by Kevin D. Gomez
Kevin D. Gomez is an Instructor of Economics and Business Manager at Florida State University's DeVoe L. Moore Center. View all posts by Kevin D. Gomez