Risk Aversion and COVID-19 Vaccine Hesitancy

We here investigate the role of risk aversion in COVID-19 vaccine hesitancy. The theoretical effect is ambiguous, as both COVID-19 infection and vaccination side-effects involve probabilistic elements. In large-scale data covering five European countries, we find that vaccine hesitancy falls with risk aversion, so that COVID-19 infection is perceived as involving greater risk than is vaccination.

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Year of publication:	2023
Authors:	Lepinteur, Anthony ; Borga, Liyousew G. ; Clark, Andrew E. ; Vögele, Claus ; D'Ambrosio, Conchita
Publisher:	Bonn : Institute of Labor Economics (IZA)
Subject:	risk aversion \| COVID-19 \| vaccine hesitancy

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Series:	IZA Discussion Papers ; 16084
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1844294420 [GVK] hdl:10419/272711 [Handle] RePEc:iza:izadps:dp16084 [RePEc]
Classification:	I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	EconStor

Persistent link: https://www.econbiz.de/10014296828