TY  - RPRT
        AU  - Hwang, Jisoo
AU  - Hwang, Seung-sik
AU  - Kim, Hyuncheol Bryant
AU  - Lee, Jungmin
AU  - Lee, Junseok
        TI  - Risk Compensation after COVID-19 Vaccination
        PY  - 2023/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16053
        UR  - https://www.iza.org/index.php/publications/dp16053
        AB  - 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.
        KW  - social distancing
KW  - risk compensation
KW  - selection
KW  - vaccine take-up
KW  - COVID-19
        ER  -