Published January 11, 2023 | Version v1
Journal article Open

Financial incentives for vaccination do not have negative unintended consequences

  • 1. University of Zurich
  • 2. Lund University
  • 3. Columbia University
  • 4. University of Chicago
  • 5. University of Lausanne

Description

Financial incentives to encourage healthy and prosocial behaviours often trigger initial behavioural change, but a large academic literature warns against using them. Critics warn that financial incentives can crowd out prosocial motivations and reduce perceived safety and trust, thereby reducing healthy behaviours when no payments are offered and eroding morals more generally. Here we report findings from a large-scale, pre-registered study in Sweden that causally measures the unintended consequences of offering financial incentives for taking the first dose of a COVID-19 vaccine. We use a unique combination of random exposure to financial incentives, population-wide administrative vaccination records and rich survey data. We find no negative consequences of financial incentives; we can reject even small negative impacts of offering financial incentives on future vaccination uptake, morals, trust and perceived safety. In a complementary study, we find that informing US residents about the existence of state incentive programmes also has no negative consequences. Our findings inform not only the academic debate on financial incentives for behaviour change but also policy-makers who consider using financial incentives to change behaviour.

Data availability

The data used in the analyses and figures in the article are available on Zenodo at https://doi.org/10.5281/zenodo.7214856. Source data are provided with this paper.

The code to replicate the analyses and figures in the article is available on Zenodo at https://doi.org/10.5281/zenodo.7214856. Analyses were conducted using STATA 16.

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Additional details

Identifiers

DOI
10.1038/s41586-022-05512-4
Other
oai:uchicago.tind.io:5565

Funding

Swiss National Science Foundation
100018_185176
Danish National Research Foundation
DNRF134
Columbia University
Chazen Institute for Global Business
University of Chicago
Booth School of Business
Riksbankens Jubileumsfond
Swiss National Science Foundation
PZ00P1_201956
Lund University
Open access funding

UChicago Information

Division(s)
Booth School of Business
Department(s)
Behavioral Science