“…Given that natural hazards affect residents' work and lives in different ways, many studies have examined the impact of natural disasters on individual and household economic behavior. Existing research found that natural disasters affect individuals' well-being (Rehdanz et al, 2015), investor sentiment (Hirshleifer and Shumway, 2003;Kamstra et al, 2003;Kaplanski and Levy, 2010), migration (Saldaña-Zorrilla and Sandberg, 2009;Warner and Afifi, 2014;Cattaneo and Peri, 2016;Pajaron and Vasquez, 2020), risk preferences (Bourdeau-Brien and Kryzanowski, 2020), mental health (Shultz, 2014;Graham et al, 2019;Zhang et al, 2022), and children's development (Rabassa et al, 2012;Deuchert and Felfe, 2015). Furthermore, studies have examined the impact of natural disasters on household income inequality (Yamamura, 2015;Abdullah et al, 2016;Keerthiratne and Tol, 2017), household savings (Filipski et al, 2019), household debt (Gallagher and Hartley, 2017), household consumption (Arndt et al, 2004;Wahdat, et al, 2021), and other household behaviors.…”