IDEAS home Printed from https://ideas.repec.org/p/cge/wacage/594.html
   My bibliography  Save this paper

The psychological gains from COVID-19 vaccination: who benefits the most?

Author

Listed:
  • Bagues, Manuel

    (University of Warwick, CEPR, IZA and J-Pal)

  • Dimitrova, Velichka

    (University of Warwick)

Abstract

We quantify the impact of COVID-19 vaccination on psychological well-being using information from a large-scale panel survey representative of the UK population. Exploiting exogenous variation in the timing of vaccinations, we find that vaccination increases psychological well-being by 0.12 standard deviation, compensating for around one half of the overall decrease caused by the pandemic. This effect persists for at least two months, and it is associated with a decrease in the perceived likelihood of contracting COVID-19 and higher engagement in social activities. The improvement is 1.5 times larger for mentally distressed individuals, supporting the prioritization of this group in vaccination roll-outs.

Suggested Citation

  • Bagues, Manuel & Dimitrova, Velichka, 2021. "The psychological gains from COVID-19 vaccination: who benefits the most?," CAGE Online Working Paper Series 594, Competitive Advantage in the Global Economy (CAGE).
    • Handle: RePEc:cge:wacage:594
    as

    Download full text from publisher

    File URL: https://warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/wp594.2021.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Adams-Prassl, A. & Boneva, T. & Golin, M & Rauh, C., 2020. "The Impact of the Coronavirus Lockdown on Mental Health: Evidence from the US," Cambridge Working Papers in Economics 2037, Faculty of Economics, University of Cambridge.
    2. Belot, Michèle & Choi, Syngjoo & Tripodi, Egon & van den Broek-Altenburg, Eline & Jamison, Julian C. & Papageorge, Nicholas W., 2020. "Unequal Consequences of COVID-19 across Age and Income: Representative Evidence from Six Countries," IZA Discussion Papers 13366, Institute of Labor Economics (IZA).
    3. Matias D. Cattaneo & Michael Jansson & Xinwei Ma, 2020. "Simple Local Polynomial Density Estimators," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 115(531), pages 1449-1455, July.
    4. Eugenio Proto & Anwen Zhang, 2021. "COVID-19 and mental health of individuals with different personalities," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 118(37), pages 2109282118-, September.
    5. Sebastian Calonico & Matias D. Cattaneo & Rocio Titiunik, 2014. "Robust Nonparametric Confidence Intervals for Regression‐Discontinuity Designs," Econometrica, Econometric Society, vol. 82, pages 2295-2326, November.
    6. Paul T E Cusack, 2020. "Anxiety Disorders," Biomedical Journal of Scientific & Technical Research, Biomedical Research Network+, LLC, vol. 31(3), pages 24255-24260, October.
    7. Etheridge, Ben & Spantig, Lisa, 2020. "The gender gap in mental well-being during the Covid-19 outbreak: evidence from the UK," ISER Working Paper Series 2020-08, Institute for Social and Economic Research.
    8. Callaway, Brantly & Sant’Anna, Pedro H.C., 2021. "Difference-in-Differences with multiple time periods," Journal of Econometrics, Elsevier, vol. 225(2), pages 200-230.
    9. Benzeval, Michaela & Burton, Jonathan & Crossley, Thomas F. & Fisher, Paul & Gardiner, Colin & Jäckle, Annette & Moore, Jamie, 2021. "High frequency online data collection in an annual household panel study: some evidence on bias prevention and bias adjustment," Understanding Society Working Paper Series 2021-03, Understanding Society at the Institute for Social and Economic Research.
    10. Brown, Sarah & Harris, Mark N. & Srivastava, Preety & Taylor, Karl, 2018. "Mental Health and Reporting Bias: Analysis of the GHQ-12," IZA Discussion Papers 11771, Institute of Labor Economics (IZA).
    11. James Banks & Xiaowei Xu, 2020. "The Mental Health Effects of the First Two Months of Lockdown during the COVID‐19 Pandemic in the UK," Fiscal Studies, John Wiley & Sons, vol. 41(3), pages 685-708, September.
    12. Eugenio Proto & Climent Quintana-Domeque, 2021. "COVID-19 and mental health deterioration by ethnicity and gender in the UK," PLOS ONE, Public Library of Science, vol. 16(1), pages 1-16, January.
    13. Jack H. Buckner & Gerardo Chowell & Michael R. Springborn, 2021. "Dynamic prioritization of COVID-19 vaccines when social distancing is limited for essential workers," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 118(16), pages 2025786118-, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carmen Camacho & Chrysovalantis Vasilakis, 2023. "Antivax and inequality," Working Papers hal-03693126, HAL.
    2. Fetzer, Thiemo, 2021. "Measuring the Epidemiological Impact of a False Negative : Evidence from a Natural Experiment," The Warwick Economics Research Paper Series (TWERPS) 1386, University of Warwick, Department of Economics.
    3. Belmonte, A & Pickard, H, 2022. "Safe at Last? LATE Effects of a Mass Immunization Campaign on Households’ Economic Insecurity," CAGE Online Working Paper Series 604, Competitive Advantage in the Global Economy (CAGE).
    4. , 2023. "The Political Consequences of Vaccines: Quasi-experimental Evidence from Eligibility Rules," Working Papers 953, Queen Mary University of London, School of Economics and Finance.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sonia OREFICCE & Climent Quintana-Domeque, 2021. "Gender inequality in COVID-19 times: evidence from UK prolific participants," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 87(2), pages 261-287, June.
    2. Farzana Afridi & Amrita Dhillon & Sanchari Roy, 2021. "The gendered crisis: livelihoods and mental well-being in India during COVID-19," WIDER Working Paper Series wp-2021-65, World Institute for Development Economic Research (UNU-WIDER).
    3. Lindley, Joanne & Rienzo, Cinzia, 2021. "The Effect of Repeated Lockdowns during the Covid-19 Pandemic on UK Mental Health Outcomes," GLO Discussion Paper Series 977, Global Labor Organization (GLO).
    4. Onur Altindag & Bilge Erten & Pinar Keskin, 2022. "Mental Health Costs of Lockdowns: Evidence from Age-Specific Curfews in Turkey," American Economic Journal: Applied Economics, American Economic Association, vol. 14(2), pages 320-343, April.
    5. Costi, Chiara & Hollingsworth, Bruce & O'Sullivan, Vincent & Zucchelli, Eugenio, 2023. "Does caring for others affect our mental health? Evidence from the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 321(C).
    6. Andrew E. Clark & Anthony Lepinteur, 2022. "Pandemic Policy and Life Satisfaction in Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 393-408, June.
    7. Pinotti, Paolo & Bhalotra, Sonia & Britto, Diogo & Sampaio, Breno, 2021. "Job Displacement, Unemployment Benefits and Domestic Violence," CEPR Discussion Papers 16350, C.E.P.R. Discussion Papers.
    8. Chaudhuri, Kausik & Howley, Peter, 2022. "The impact of COVID-19 vaccination for mental well-being," European Economic Review, Elsevier, vol. 150(C).
    9. Joan Costa-Font & Martin Knapp & Cristina Vilaplana-Prieto, 2023. "The ‘welcomed lockdown’ hypothesis? Mental wellbeing and mobility restrictions," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 24(5), pages 679-699, July.
    10. Etheridge, Ben & Spantig, Lisa, 2022. "The gender gap in mental well-being at the onset of the Covid-19 pandemic: Evidence from the UK," European Economic Review, Elsevier, vol. 145(C).
    11. Barili, Emilia & Bertoli, Paola & Grembi, Veronica & Rattini, Veronica, 2021. "COVID Angels Fighting Daily Demons? Mental Health of Healthcare Workers and Religion," CINCH Working Paper Series (since 2020) 74583, Duisburg-Essen University Library, DuEPublico.
    12. Mohamed Abouaziza, 2022. "Farmer constraints and relational contracts: evidence from agricultural value chains in East Africa," Economics PhD Theses 0122, Department of Economics, University of Sussex Business School.
    13. Climent Quintana-Domeque & Jingya Zeng & Xiaohui Zhang, 2022. "Internet and mental health during the COVID-19 pandemic: Evidence from the UK," Discussion Papers 2202, University of Exeter, Department of Economics.
    14. Joan Costa-i-Font & Martin Knapp & Cristina Vilaplana-Prieto, 2022. "The 'Welcomed Lockdown' Hypothesis: When Do Mobility Restrictions Influence Mental Wellbeing?," CESifo Working Paper Series 9796, CESifo.
    15. Zhiming Cheng & Silvia Mendolia & Alfredo R. Paloyo & David A. Savage & Massimiliano Tani, 2021. "Working parents, financial insecurity, and childcare: mental health in the time of COVID-19 in the UK," Review of Economics of the Household, Springer, vol. 19(1), pages 123-144, March.
    16. Chaudhuri, K & Howley, P., 2021. "The impact of Covid-19 vaccination for mental health," Health, Econometrics and Data Group (HEDG) Working Papers 21/14, HEDG, c/o Department of Economics, University of York.
    17. Bau, Natalie & Khanna, Gaurav & Low, Corinne & Shah, Manisha & Sharmin, Sreyashi & Voena, Alessandra, 2022. "Women’s well-being during a pandemic and its containment," Journal of Development Economics, Elsevier, vol. 156(C).
    18. Anaya, L. & Howley, P. & Waqas, M. & Yalonetzky, G., 2021. "Locked down in distress: a causal estimation of the mental-health fallout from the COVID-19 pandemic in the UK," Health, Econometrics and Data Group (HEDG) Working Papers 21/10, HEDG, c/o Department of Economics, University of York.
    19. Francesco Decarolis & Raymond Fisman & Paolo Pinotti & Silvia Vannutelli, 2019. "Rules, Discretion, and Corruption in Procurement: Evidence from Italian Government Contracting," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-344, Boston University - Department of Economics.
    20. Albanese, Andrea & Picchio, Matteo & Ghirelli, Corinna, 2020. "Timed to Say Goodbye: Does Unemployment Benefit Eligibility Affect Worker Layoffs?," Labour Economics, Elsevier, vol. 65(C).

    More about this item

    Keywords

    Psychological well-being; COVID-19; vaccination JEL Classification: I18; I31;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cge:wacage:594. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jane Snape (email available below). General contact details of provider: https://edirc.repec.org/data/dewaruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.