Covid-19 Vaccination: The Role of Crisis Experience

Klaus Gründler (), Armin Hackenberger, Anina Harter and Niklas Potrafke

No 9096, CESifo Working Paper Series from CESifo

Abstract: We propose that crisis experience influences preferences towards Covid-19 vaccination and the speed of vaccination during the initial phase when vaccines became available. We use macro and micro data to empirically investigate our theory and introduce a novel crisis experience index. Evidence based on macro data shows that a one-standard-deviation increase in our new crisis experience index gives rise to around 10 additional administered vaccine doses per 100 citizens (around one standard deviation). Our micro-level analysis provides evidence for a microfoundation of the macro-level results, indicating that the crisis history of countries is positively correlated with preferences towards Covid-19 vaccination. Disentangling socialization effects and experience effects, we find that citizens who have experienced crises during their impressionable years (ages 18–25) have stronger preferences for being vaccinated against Covid-19 than others.

Keywords: Covid-19 vaccination; crisis experience; crisis management; experience effects (search for similar items in EconPapers)
JEL-codes: H12 H51 I12 I15 I18 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9096

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