We estimate the impact of COVID-19 vaccination on psychological well-being using information from a large-scale panel survey representative of the UK population.
Joint work with Velichka Dimitrova
Exploiting exogenous variation in the timing of vaccinations, we find that vaccination increases psychological well-being (GHQ-12) by 0.12 standard deviations, compensating for one-half of the deterioration in mental health caused by the pandemic.
This improvement persists for at least two months, and is linked to higher engagement in social activities and a decrease in the self-reported likelihood of contracting COVID-19.
The main beneficiaries are individuals who became mentally distressed during the pandemic, supporting their prioritisation in vaccination rollouts.
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