TY - JOUR
T1 - Monetary incentives increase COVID-19 vaccinations
AU - Campos-Mercade, Pol
AU - Meier, Armando N.
AU - Schneider, Florian H.
AU - Meier, Stephan
AU - Pope, Devin
AU - Wengström, Erik
N1 - Funding Information:
The work was supported by Danish National Research Foundation grant DNRF134 (P.C.-M.), Swiss National Science Foundation grant PZ00P1_201956 (A.N.M.), Swiss National Science Foundation grant 100018_185176 (F.H.S.), the Chazen Institute for Global Business at Columbia Business School (S.M.), Columbia Business School (S.M.), the Booth School of Business at the University of Chicago (D.P.), and Riksbankens Jubileumsfond (E.W.).
Publisher Copyright:
Copyright © 2021 The Authors, some rights reserved; exclusive licensee American Association for the Advancement of Science. No claim to original U.S. Government Works. Distributed under a Creative Commons Attribution License 4.0 (CC BY).
PY - 2021/10/7
Y1 - 2021/10/7
N2 - Stalling COVID-19 vaccination rates threaten public health. To increase vaccination rates, governments across the globe are considering using monetary incentives. We present evidence on the effect of guaranteed payments on COVID-19 vaccination uptake. We ran a large pre-registered randomized controlled trial (N = 8,286) in Sweden and linked the data to population-wide administrative vaccination records. We found that modest monetary payments of $24 (SEK 200) increased vaccination rates by 4.2 percentage points (p = 0.005), from a baseline rate of 71.6%. In contrast, behavioral nudges increased stated intentions to vaccinate but had only small and not statistically significant impacts on vaccination rates. The results highlight the potential of modest monetary incentives to increase vaccination rates.
AB - Stalling COVID-19 vaccination rates threaten public health. To increase vaccination rates, governments across the globe are considering using monetary incentives. We present evidence on the effect of guaranteed payments on COVID-19 vaccination uptake. We ran a large pre-registered randomized controlled trial (N = 8,286) in Sweden and linked the data to population-wide administrative vaccination records. We found that modest monetary payments of $24 (SEK 200) increased vaccination rates by 4.2 percentage points (p = 0.005), from a baseline rate of 71.6%. In contrast, behavioral nudges increased stated intentions to vaccinate but had only small and not statistically significant impacts on vaccination rates. The results highlight the potential of modest monetary incentives to increase vaccination rates.
KW - 512 Business and Management
UR - http://www.scopus.com/inward/record.url?scp=85117991238&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/914cb520-9419-326d-abee-be068285fb92/
U2 - 10.1126/science.abm0475
DO - 10.1126/science.abm0475
M3 - Article
SN - 1095-9203
VL - 374
SP - 879
EP - 882
JO - Science
JF - Science
IS - 6569
ER -
