@TechReport{iza:izadps:dp16084, author={Lepinteur, Anthony and Borga, Liyousew G. and Clark, Andrew E. and Vögele, Claus and D'Ambrosio, Conchita}, title={Risk Aversion and COVID-19 Vaccine Hesitancy}, year={2023}, month={Apr}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={16084}, url={https://www.iza.org/index.php/publications/dp16084}, 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={risk aversion;COVID-19;vaccine hesitancy}, }