Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272711 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16084
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
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.
Subjects: 
risk aversion
COVID-19
vaccine hesitancy
JEL: 
I12
D81
Document Type: 
Working Paper

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