Risk Aversion and COVID-19 Vaccine Hesitancy

Anthony Lepinteur, Liyousew Borga, Andrew Clark, Claus Vögele and Conchita D'Ambrosio
Additional contact information
Claus Vögele: University of Luxembourg

No 16084, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: risk aversion; COVID-19; vaccine hesitancy (search for similar items in EconPapers)
JEL-codes: D81 I12 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2023-04
New Economics Papers: this item is included in nep-eur, nep-hea, nep-ltv and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published - published in: Health Economics, 2023, 32, 1659-1669

Downloads: (external link)
https://docs.iza.org/dp16084.pdf (application/pdf)

Related works:
Journal Article: Risk aversion and COVID‐19 vaccine hesitancy (2023)
Working Paper: Risk aversion and COVID‐19 vaccine hesitancy (2023)
Working Paper: Risk aversion and COVID‐19 vaccine hesitancy (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp16084

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().