Pol Campos
Senior lecturer
Monetary incentives increase COVID-19 vaccinations
Author
Summary, in English
Stalling COVID-19 vaccination rates threaten public health. To increase vaccination rates, governments across the globe are considering using monetary incentives. We present evidence on the effect of guaranteed payments on COVID-19 vaccination uptake. We ran a large pre-registered randomized controlled trial (N = 8,286) in Sweden and linked the data to population-wide administrative vaccination records. We found that modest monetary payments of $24 (SEK 200) increased vaccination rates by 4.2 percentage points (p = 0.005), from a baseline rate of 71.6%. In contrast, behavioral nudges increased stated intentions to vaccinate but had only small and not statistically significant impacts on vaccination rates. The results highlight the potential of modest monetary incentives to increase vaccination rates.
Department/s
- Department of Economics
Publishing year
2021-10-07
Language
English
Pages
879-882
Publication/Series
Science (New York, N.Y.)
Volume
374
Issue
6569
Document type
Journal article
Publisher
American Association for the Advancement of Science (AAAS)
Topic
- Economics
Keywords
- COVID-19
- vaccination
- Monetary incentives
Status
Published
Research group
- Knut Wicksell Centre for Financial Studies
ISBN/ISSN/Other
- ISSN: 1095-9203