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How does COVID-19 change insurance and vaccine demand? Evidence from short-panel data in Japan

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  • Eiji Yamamura
  • Yoshiro Tsutsui

Abstract

In this study, we explored how the coronavirus disease (COVID-19) affected the demand for insurance and vaccines in Japan from mid-March to mid-April 2020. Through independent internet surveys, respondents were asked hypothetical questions concerning the demand for insurance and vaccines for protection against COVID-19. Using the collected short-panel data, after controlling for individual characteristics using the fixed effects model, the key findings, within the context of the pandemic, were as follows: (1) Contrary to extant studies, the demand for insurance by females was smaller than that by their male counterparts; (2) The gap in demand for insurance between genders increased as the pandemic prevailed; (3) The demand for a vaccine by females was higher than that for males; and (4) As COVID-19 spread throughout Japan, demand for insurance decreased, whereas the demand for a vaccine increased.

Suggested Citation

  • Eiji Yamamura & Yoshiro Tsutsui, 2021. "How does COVID-19 change insurance and vaccine demand? Evidence from short-panel data in Japan," Papers 2101.08922, arXiv.org.
    • Handle: RePEc:arx:papers:2101.08922
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    References listed on IDEAS

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