COVID-19, Vaccination, and Consumer Behavior

Author Name MORIKAWA Masayuki (President, RIETI)
Creation Date/NO. September 2021 21-E-079
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With COVID-19's continued spread, vaccination is expected to facilitate the recovery of household consumption; however, a high degree of uncertainty exists regarding vaccination's effectiveness in restoring economic activity. Based on an original survey of individuals in July 2021, this study presents evidence about the relationship between vaccination and consumer behavior. According to the results, a relatively large number of respondents intend to increase consumption after the pandemic ends, but not many will increase consumption after receiving the vaccination. No clear association with health status or individual infection risk was detected, but those who used the 2020 GoTo campaign tended to exhibit higher intention to increase consumption after vaccination.

This is the English version of the Japanese Discussion Paper (21-J-042) with some additional information and changes.