Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/228783 
Year of Publication: 
2021
Series/Report no.: 
SAFE Working Paper No. 299
Publisher: 
Leibniz Institute for Financial Research SAFE, Frankfurt a. M.
Abstract: 
Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals might not comply with the COVID-19 measures to reassure themselves that they are not vulnerable, and that the incentives for such self-signaling can be stronger for the elderly. The results suggest that communication strategies emphasizing the dangers of COVID-19 could backfire and reduce compliance among the elderly.
Subjects: 
motivated beliefs
compliance behavior
age
health
COVID-19
JEL: 
C70
D91
D82
I12
I18
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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