@TechReport{iza:izadps:dp16053,
            	author={Hwang, Jisoo and Hwang, Seung-sik and Kim, Hyuncheol Bryant and Lee, Jungmin and Lee, Junseok},
            	title={Risk Compensation after COVID-19 Vaccination},
            	year={2023},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16053},
            	url={https://www.iza.org/index.php/publications/dp16053},
	abstract={This paper studies the causal impacts of vaccine eligibility on social distancing behaviors (risk compensation). We apply a regression discontinuity design around the birth date cutoff of vaccine eligibility using large, high-frequency data from credit card and airline companies as well as survey data. We find no evidence of risk compensation although vaccine take-up increases substantially with eligibility. We find some evidence of self-selection into vaccine take-up based on perception towards vaccine effectiveness and side effects, but we do not find that the treatment effects differ between compliers and never-takers.},
	keywords={social distancing;risk compensation;selection;vaccine take-up;COVID-19},
            }