Erik Wengström
Professor, Studierektor forskarutbildning, Nationalekonomiska institutionen
Monetary incentives increase COVID-19 vaccinations
Författare
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.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2021-10-07
Språk
Engelska
Sidor
879-882
Publikation/Tidskrift/Serie
Science (New York, N.Y.)
Volym
374
Issue
6569
Dokumenttyp
Artikel i tidskrift
Förlag
American Association for the Advancement of Science (AAAS)
Ämne
- Economics
Nyckelord
- COVID-19
- vaccination
- Monetary incentives
Status
Published
Forskningsgrupp
- Knut Wicksell Centre for Financial Studies
ISBN/ISSN/Övrigt
- ISSN: 1095-9203