Monetary incentives increase COVID-19 vaccinations

Pol Campos-Mercade; Armando N. Meier; Florian H. Schneider; Stephan Meier; Devin Pope; Erik Wengström

doi:10.1126/science.abm0475

Monetary incentives increase COVID-19 vaccinations

Pol Campos-Mercade
, Armando N. Meier
, Florian H. Schneider
, Stephan Meier
, Devin Pope
, Erik Wengström

Economics, Helsinki

Research output: Contribution to journal › Article › Scientific › peer-review

250 Citations (Scopus)

Abstract

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.

Original language	English
Peer-reviewed scientific journal	Science
Volume	374
Issue number	6569
Pages (from-to)	879-882
ISSN	1095-9203
DOIs	https://doi.org/10.1126/science.abm0475
Publication status	Published - 07.10.2021
MoE publication type	A1 Journal article - refereed

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 3 Good Health and Well-being

Keywords

512 Business and Management

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science.abm0475Final published version, 380 KBLicence: CC BY

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title = "Monetary incentives increase COVID-19 vaccinations",

abstract = "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.",

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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).

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Monetary incentives increase COVID-19 vaccinations

Abstract

UN SDGs

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