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Financial Incentives for COVID-19 Vaccination: A Cluster Randomized Clinical Trial
John Ternovski1, Sebastian Jilke2, Florian Keppeler3,4
1Office of Labor and Economic Analysis, Department of Economics and Geosciences, Air Force Academy, Colorado Springs, Colorado.
Financial incentives for COVID-19 vaccination showed no direct effect on primary vaccination rates. However, negative spillover effects were observed for booster vaccinations, suggesting potential undermining of policy effectiveness.
Area of Science:
- Public Health
- Health Economics
- Epidemiology
Background:
- Financial incentives are studied for increasing COVID-19 vaccination rates.
- Previous research indicates small positive direct effects but potential negative social spillovers.
- Unmeasured social spillovers may diminish the overall effectiveness of incentive policies.
Purpose of the Study:
- To assess the spillover effects of a COVID-19 vaccination financial incentive.
- To determine if spillover estimates impact broader evaluations of policy effectiveness.
Main Methods:
- Population-level, address-cluster randomized clinical trial in Ravensburg, Germany (November 2021).
- Adult residents randomly assigned to receive a €40 incentive for vaccination or a control letter.
- Intention-to-treat analysis of primary and booster COVID-19 vaccination uptake.
Main Results:
- No significant direct, spillover, or overall effects on primary COVID-19 vaccinations.
- Negative, statistically significant overall effect on booster vaccinations (-0.30 percentage points).
- Negative, statistically significant spillover effect on booster vaccinations (-0.29 percentage points) for initial vaccination events.
Conclusions:
- Direct effects of financial incentives on COVID-19 vaccination uptake were null.
- Negative spillover effects on booster uptake were observed among indirectly exposed individuals.
- Cohabitants may postpone booster vaccinations, potentially undermining incentive policy effectiveness.
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