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The COVID-19 vaccination, preventive behaviors and pro-social motivation: panel data analysis from Japan (2301.03124v1)

Published 9 Jan 2023 in econ.GN and q-fin.EC

Abstract: The COVID-19 vaccine reduces infection risk: even if one contracts COVID-19, the probability of complications like death or hospitalization is lower. However, vaccination may prompt people to decrease preventive behaviors, such as staying indoors, handwashing, and wearing a mask. Thereby, if vaccinated people pursue only their self-interest, the vaccine's effect may be lower than expected. However, if vaccinated people are pro-social (motivated toward benefit for the whole society), they might maintain preventive behaviors to reduce the spread of infection.

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