COVID-19 Vaccination: The Role of Crisis Experience

55 Pages Posted: 3 Jun 2021

See all articles by Klaus Gründler

Klaus Gründler

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Armin Hackenberger

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Anina Harter

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Niklas Potrafke

CESifo (Center for Economic Studies and Ifo Institute)

Date Written: 2021

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.

JEL Classification: H120, H510, I120, I150, I180

Suggested Citation

Gründler, Klaus and Hackenberger, Armin and Harter, Anina and Potrafke, Niklas, COVID-19 Vaccination: The Role of Crisis Experience (2021). CESifo Working Paper No. 9096, Available at SSRN: https://ssrn.com/abstract=3855975 or http://dx.doi.org/10.2139/ssrn.3855975

Klaus Gründler

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Armin Hackenberger

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Anina Harter

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

Niklas Potrafke (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
83
Abstract Views
303
rank
402,575
PlumX Metrics