Arbeitspapier

The Psychological Gains from COVID-19 Vaccination: Who Benefits the Most?

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.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 14826

Classification
Wirtschaft
Health: Government Policy; Regulation; Public Health
General Welfare; Well-Being
Subject
psychological well-being
COVID-19
vaccination

Event
Geistige Schöpfung
(who)
Bagues, Manuel
Dimitrova, Velichka
Event
Veröffentlichung
(who)
Institute of Labor Economics (IZA)
(where)
Bonn
(when)
2021

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Bagues, Manuel
  • Dimitrova, Velichka
  • Institute of Labor Economics (IZA)

Time of origin

  • 2021

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