[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2311.11828.html
   My bibliography  Save this paper

Would Monetary Incentives to COVID-19 vaccination reduce motivation?

Author

Listed:
  • Eiji Yamamura
  • Yoshiro Tsutsui
  • Fumio Ohtake
Abstract
Some people did not get the COVID-19 vaccine even though it was offered at no cost. A monetary incentive might lead people to vaccinate, although existing studies have provided different findings about this effect. We investigate how monetary incentives differ according to individual characteristics. Using panel data with online experiments, we found that (1) subsidies reduced vaccine intention but increased it after controlling heterogeneity; (2) the stronger the social image against the vaccination, the lower the monetary incentive; and (3) persistently unvaccinated people would intend to be vaccinated only if a large subsidy was provided.

Suggested Citation

  • Eiji Yamamura & Yoshiro Tsutsui & Fumio Ohtake, 2023. "Would Monetary Incentives to COVID-19 vaccination reduce motivation?," Papers 2311.11828, arXiv.org.
    • Handle: RePEc:arx:papers:2311.11828
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2311.11828
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Leonardo Bursztyn & Robert Jensen, 2017. "Social Image and Economic Behavior in the Field: Identifying, Understanding, and Shaping Social Pressure," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 131-153, September.
    2. Jean Tirole & Roland Bénabou, 2006. "Incentives and Prosocial Behavior," American Economic Review, American Economic Association, vol. 96(5), pages 1652-1678, December.
    3. Emma L Giles & Shannon Robalino & Elaine McColl & Falko F Sniehotta & Jean Adams, 2014. "The Effectiveness of Financial Incentives for Health Behaviour Change: Systematic Review and Meta-Analysis," PLOS ONE, Public Library of Science, vol. 9(3), pages 1-16, March.
    4. Margaret E. Brehm & Paul A. Brehm & Martin Saavedra, 2022. "The Ohio Vaccine Lottery and Starting Vaccination Rates," American Journal of Health Economics, University of Chicago Press, vol. 8(3), pages 387-411.
    5. Ran Abramitzky & Liran Einav & Oren Rigbi, 2010. "Is Hanukkah Responsive to Christmas?," Economic Journal, Royal Economic Society, vol. 120(545), pages 612-630, June.
    6. Ryo Takahashi & Kenta Tanaka, 2021. "Social punishment for breaching restrictions during the COVID‐19 pandemic," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1467-1482, October.
    7. Carlos E. Carpio & Ioana A. Coman & Oscar Sarasty & Manuel García, 2021. "COVID-19 Vaccine Demand and Financial Incentives," Applied Health Economics and Health Policy, Springer, vol. 19(6), pages 871-883, November.
    8. Harsha Thirumurthy & Katherine L Milkman & Kevin G Volpp & Alison M Buttenheim & Devin G Pope, 2022. "Association between statewide financial incentive programs and COVID-19 vaccination rates," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-7, March.
    9. Jamie Murphy & Frédérique Vallières & Richard P. Bentall & Mark Shevlin & Orla McBride & Todd K. Hartman & Ryan McKay & Kate Bennett & Liam Mason & Jilly Gibson-Miller & Liat Levita & Anton P. Martine, 2021. "Psychological characteristics associated with COVID-19 vaccine hesitancy and resistance in Ireland and the United Kingdom," Nature Communications, Nature, vol. 12(1), pages 1-15, December.
    10. Roland Bénabou & Jean Tirole, 2003. "Intrinsic and Extrinsic Motivation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(3), pages 489-520.
    11. Barber, Andrew & West, Jeremy, 2022. "Conditional cash lotteries increase COVID-19 vaccination rates," Journal of Health Economics, Elsevier, vol. 81(C).
    12. George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 715-753.
    13. Patricia Funk, 2010. "Social Incentives and Voter Turnout: Evidence from the Swiss Mail Ballot System," Journal of the European Economic Association, MIT Press, vol. 8(5), pages 1077-1103, September.
    14. Stefano Dellavigna & John A. List & Ulrike Malmendier & Gautam Rao, 2017. "Voting to Tell Others," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 84(1), pages 143-181.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fracchia, Mattia & Molina-Millán, Teresa & Vicente, Pedro C., 2023. "Motivating volunteer health workers in an African capital city," Journal of Development Economics, Elsevier, vol. 163(C).
    2. Xinrui Zhang & Tom Lane, 2022. "The backfiring effects of monetary and gift incentives on Covid-19 vaccination willingness," Discussion Papers 2022-14, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    3. Orhan Erdem & Sukran Erdem & Kelly Monson, 2023. "Children, vaccines, and financial incentives," International Journal of Health Economics and Management, Springer, vol. 23(4), pages 537-552, December.
    4. Schreiner, Nicolas, 2021. "Changes in Well-Being Around Elections," Working papers 2021/03, Faculty of Business and Economics - University of Basel.
    5. Mattauch, Linus & Hepburn, Cameron & Stern, Nicholas, 2018. "Pigou pushes preferences: decarbonisation and endogenous values," INET Oxford Working Papers 2018-16, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    6. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    7. Nyborg, Karine, 2011. "I don't want to hear about it: Rational ignorance among duty-oriented consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 263-274, August.
    8. Rebitzer, James B. & Taylor, Lowell J., 2011. "Extrinsic Rewards and Intrinsic Motives: Standard and Behavioral Approaches to Agency and Labor Markets," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 8, pages 701-772, Elsevier.
    9. Brice Corgnet & Brian Gunia & Roberto Hernán González, 2021. "Harnessing the power of social incentives to curb shirking in teams," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(1), pages 139-167, February.
    10. Markus Kitzmueller, 2008. "Economics and Corporate Social Responsibility," Economics Working Papers ECO2008/37, European University Institute.
    11. Friedrichsen, Jana & König, Tobias & Schmacker, Renke, 2018. "Social image concerns and welfare take-up," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 168, pages 174-192.
    12. Robert Dur & Ola Kvaløy & Anja Schöttner, 2022. "Leadership Styles and Labor Market Conditions," Management Science, INFORMS, vol. 68(4), pages 3150-3168, April.
    13. Bolton, Gary & Dimant, Eugen & Schmidt, Ulrich, 2021. "Observability and social image: On the robustness and fragility of reciprocity," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 946-964.
    14. Scoppa, Vincenzo, 2021. "Social pressure in the stadiums: Do agents change behavior without crowd support?," Journal of Economic Psychology, Elsevier, vol. 82(C).
    15. Butler, Jeffrey V. & Fehr, Dietmar, 2024. "The causal effect of cultural identity on cooperation," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 134-147.
    16. Mattauch, Linus & Hepburn, Cameron & Spuler, Fiona & Stern, Nicholas, 2022. "The economics of climate change with endogenous preferences," Resource and Energy Economics, Elsevier, vol. 69(C).
    17. Sanjit Dhami & Mengxing Wei, 2024. "The Incentive Compatibility Condition, Firm Culture, and Social Norms under Moral Hazard: Theory and Evidence," CESifo Working Paper Series 11371, CESifo.
    18. Perez-Truglia, Ricardo & Troiano, Ugo, 2018. "Shaming tax delinquents," Journal of Public Economics, Elsevier, vol. 167(C), pages 120-137.
    19. Dolan, Paul & Galizzi, Matteo M., 2015. "Like ripples on a pond: Behavioral spillovers and their implications for research and policy," Journal of Economic Psychology, Elsevier, vol. 47(C), pages 1-16.
    20. Saccardo, Silvia & Li, Charis X. & Samek, Anya & Gneezy, Ayelet, 2021. "Nudging generosity in consumer elective pricing," Organizational Behavior and Human Decision Processes, Elsevier, vol. 163(C), pages 91-104.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2311.11828. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.