Monetary incentives increase COVID-19 vaccinations

Author:

Campos-Mercade Pol1ORCID,Meier Armando N.23ORCID,Schneider Florian H.4ORCID,Meier Stephan5ORCID,Pope Devin67ORCID,Wengström Erik8910ORCID

Affiliation:

1. Department of Economics, Center for Economic Behavior and Inequality (CEBI), University of Copenhagen, Copenhagen, Denmark.

2. Unisanté, University of Lausanne, Lausanne, Switzerland.

3. Faculty of Business and Economics, University of Basel, Basel, Switzerland.

4. Department of Economics, University of Zurich, Zurich, Switzerland.

5. Columbia Business School, Columbia University, New York, NY, USA.

6. Booth School of Business, University of Chicago, Chicago, IL, USA.

7. National Bureau of Economic Research, Boston, MA, USA.

8. Department of Economics, Lund University, Lund, Sweden.

9. Department of Finance and Economics, Hanken School of Economics, Helsinki, Finland.

10. Knut Wicksell Centre for Financial Studies, Lund University, Lund, Sweden.

Abstract

Valuing vaccination Using money as a motivation for the public to get vaccinated is controversial and has had mixed results in studies, few of which have been randomized trials. To test the effect of money as an incentive to obtain a vaccine, Campos-Mercade et al . set up a study in Sweden in 2021, when various age groups were first made eligible to receive the severe acute respiratory coronavirus 2 vaccine (see the Perspective by Jecker). The effect of a small cash reward, around US $24, was compared with the effect of several behavioral nudges. The outcome of this preregistered, randomized clinical trial was that money had the power to increase participation by about 4 percentage points. Nudging and reminding didn’t seem to be deleterious and even had a small positive effect. Of course, the question of whether it is ethical to pay people to be vaccinated like this needs to be addressed. —CA

Publisher

American Association for the Advancement of Science (AAAS)

Subject

Multidisciplinary

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