%0 Report
        %A Hwang, Jisoo
%A Hwang, Seung-sik
%A Kim, Hyuncheol Bryant
%A Lee, Jungmin
%A Lee, Junseok
        %T Risk Compensation after COVID-19 Vaccination
        %D 2023
        %8 2023 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 16053
        %U https://www.iza.org/index.php/publications/dp16053
        %X 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.
        %K social distancing
%K risk compensation
%K selection
%K vaccine take-up
%K COVID-19