Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235466 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9096
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
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.
Subjects: 
Covid-19 vaccination
crisis experience
crisis management
experience effects
JEL: 
H12
H51
I12
I15
I18
Document Type: 
Working Paper
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