Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
While natural disasters might have numerous direct (typically negative) effects, the effect of an increase of natural disaster risk on individual well-being is often neglected. In this paper we study the effects of natural disaster risk on self-reported happiness and life satisfaction at the example of tropical storms. Combining several waves of the integrated European/World Values Survey and appropriate storm data we find a systematically negative effect of hurricane risk on both measures of individual well-being in relatively poor countries in which the population has little possibilities to take protective measures against storms. In highly developed countries, we find a systematic negative and much smaller effect only for life satisfaction. Altogether we conclude that disaster risk tends to play a role for individual well-being, especially on low levels of development.