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The psychological gains from COVID-19 vaccination : who benefits the most?

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Bagues, Manuel F. and Dimitrova, Velichka (2021) The psychological gains from COVID-19 vaccination : who benefits the most? Working Paper. Coventry: University of Warwick. Department of Economics. Warwick economics research papers series (WERPS) (1384). (Unpublished)

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Official URL: https://warwick.ac.uk/fac/soc/economics/research/w...

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Abstract

We quantify the impact of COVID-19 vaccination on psychological well-being using information from a large-scale panel survey representative of the UK population. Exploiting exogenous variation in the timing of vaccinations, we find that vaccination increases psychological well-being by 0.12 standard deviation, compensating for around one half of the overall decrease caused by the pandemic. This effect persists for at least two months, and it is associated with a decrease in the perceived likelihood of contracting COVID-19 and higher engagement in social activities. The improvement is 1.5 times larger for mentally distressed individuals, supporting the prioritization of this group in vaccination roll-outs.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: B Philosophy. Psychology. Religion > BF Psychology
R Medicine > RA Public aspects of medicine
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): COVID-19 (Disease), COVID-19 (Disease) -- Patients -- Treatment -- Great Britain, COVID-19 (Disease) -- Patients -- Vaccination -- Great Britain, Well-being -- Psychological aspects
Series Name: Warwick economics research papers series (WERPS)
Publisher: University of Warwick. Department of Economics
Place of Publication: Coventry
ISSN: 0083-7350
Official Date: November 2021
Dates:
DateEvent
November 2021Available
4 November 2021Accepted
Number: 1384
Institution: University of Warwick
Status: Not Peer Reviewed
Publication Status: Unpublished
Access rights to Published version: Open Access

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