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. 2023 Aug;32(8):1659-1669.
doi: 10.1002/hec.4693. Epub 2023 May 5.

Risk aversion and COVID-19 vaccine hesitancy

Anthony Lepinteur  1 , Liyousew G Borga  2 , Andrew E Clark  1   3 , Claus Vögele  1 , Conchita D'Ambrosio  1
Affiliations

Risk aversion and COVID-19 vaccine hesitancy

Anthony Lepinteur et al. Health Econ. 2023 Aug.

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.

Keywords: COME-HERE survey; Europe; risk aversion; vaccine hesitancy.

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