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Children, vaccines, and financial incentives

Orhan Erdem1, Sukran Erdem2, Kelly Monson3

  • 1Puri School of Business, Rockford University, 5100 E State St., Rockford, IL, 61108, USA. oerdem@rockford.edu.

International Journal of Health Economics and Management
|February 28, 2023
PubMed

Insights

Financial incentives like gift cards can increase COVID-19 vaccination rates in adolescents. This study found a 2.64-4.23 percentage point increase in vaccine uptake among 12- to 17-year-olds.

Area of Science:

  • Public Health
  • Health Economics
  • Pediatric Medicine

Background:

  • Rising concerns about COVID-19 vaccine uptake in pediatric populations.
  • Limited research on the effectiveness of financial incentives for childhood vaccinations.

Purpose of the Study:

  • To evaluate the impact of a specific financial incentive on COVID-19 vaccination rates among adolescents aged 12 and older.
  • To determine the measurable effect of financial incentives on parental vaccination decisions for children.

Main Methods:

  • Utilized data from a regional practice offering $50 gift cards per COVID-19 vaccine dose.
  • Employed synthetic control, linear regression, and difference-in-differences methodologies for analysis.
  • Approximated the causal effect of financial incentives on vaccine uptake.

Main Results:

  • Financial incentives (gift cards) increased vaccination rates by 2.64-4.23 percentage points.
  • The baseline vaccination rate in the study cohort was 38 percent.
  • Demonstrated a statistically significant positive effect of financial incentives.

Conclusions:

  • Financial incentives can be an effective tool to boost COVID-19 vaccine uptake in adolescents.
  • Suggests integrating financial incentives with existing policies to improve vaccination coverage in 12- to 17-year-olds.
  • Highlights the potential of economic interventions in public health strategies for pediatric vaccination.

Keywords:
ChildrenCovid-19Financial incentivesK-12Public healthSynthetic controlVaccine

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