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Preferences and Covid-19 Vaccination Intentions

Author

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  • Serge Blondel

    (GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage, LIRAES (URP_ 4470) - Laboratoire Interdisciplinaire de Recherche Appliquée en Economie de la Santé - UPCité - Université Paris Cité)

  • François Langot

    (GAINS - Groupe d'Analyse des Itinéraires et des Niveaux Salariaux - UM - Le Mans Université, IUF - Institut universitaire de France - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CEPREMAP - Centre pour la recherche économique et ses applications - ECO ENS-PSL - Département d'économie de l'ENS-PSL - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres, IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics)

  • Judith E. Mueller

    (EHESP - École des Hautes Études en Santé Publique [EHESP], METIS - Département Méthodes quantitatives en santé publique - EHESP - École des Hautes Études en Santé Publique [EHESP], IP - Institut Pasteur [Paris])

  • Jonathan Sicsic

    (LIRAES (URP_ 4470) - Laboratoire Interdisciplinaire de Recherche Appliquée en Economie de la Santé - UPCité - Université Paris Cité)

Abstract

This paper shows that prospect theory, extended to account for differences across individuals in their patience and their valuation of the vaccination as a common good can explain why more than 40% of the population has intent to reject the Covid-19 vaccination, as well as the differences in vaccination intentions across population subgroups. Indeed, prospect theory by over-weighting the side effect explains the reject of vaccination. This can be partially compensated by a high patience and/or a large valuation of the collective immunity. The calibrated version of our model, based on an original survey carried out on a representative sample of the adult population living in France allowing us to identify curvatures of their value function, their discount rates and their willingness to cooperate, can predict the evolution of the vaccination intentions between November 2020 an March 2021. We also show that the international differences in the vaccination intentions are closely related to the valuation of the vaccination as a common good.

Suggested Citation

  • Serge Blondel & François Langot & Judith E. Mueller & Jonathan Sicsic, 2021. "Preferences and Covid-19 Vaccination Intentions," Working Papers hal-03381425, HAL.
    • Handle: RePEc:hal:wpaper:hal-03381425
    Note: View the original document on HAL open archive server: https://hal.science/hal-03381425
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    References listed on IDEAS

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    Cited by:

    1. Blondel, Serge & Langot, François & Mueller, Judith E. & Sicsic, Jonathan, 2021. "Preferences and COVID-19 Vaccination Intentions," IZA Discussion Papers 14823, Institute of Labor Economics (IZA).
    2. Christophe Leveque & Haris Megzari, 2022. "Intensification or Diversification: Responses by Anti Health-Pass Entrepreneurs to French Government Announcements," Working Papers hal-03624964, HAL.
    3. Christophe LEVEQUE & Haris MEGZARI, 2022. "Intensification or Diversification: Responses by Anti Health-Pass Entrepreneurs to French Government Announcements," Bordeaux Economics Working Papers 2022-04, Bordeaux School of Economics (BSE).

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    More about this item

    Keywords

    behavioral economics; Covid-19; prospect theory; vaccination choice;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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