Risk aversion and Covid-19 vaccine hesitancy

Borga, Liyousew G; Clark, Andrew E.; D'Ambrosio, Conchita; Lepinteur, Anthony; Vogele, Claus

doi:10.1002/hec.4693

Risk aversion and Covid-19 vaccine hesitancy

Liyousew G Borga, Andrew E. Clark, Conchita D'Ambrosio, Anthony Lepinteur and Claus Vogele

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.

5 May 2023

Health Economics 2023

DOI: 10.1002/hec.4693

https://onlinelibrary.wiley.com/doi/epdf/10.1002/hec.4693

This Journal article is published under the centre's Community Wellbeing programme, Growth programme.