Willingness to Pay for a COVID-19 Vaccine

Cerda, Arcadio A.; García, Leidy Y.

doi:10.1007/s40258-021-00644-6

Cited by 103 publications

(122 citation statements)

References 42 publications

(32 reference statements)

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“…In this study, 40.8% of participants responded they would be willing to accept vaccination against COVID-19 infection if it were proven effective and safe. This figure is below the global acceptance range (55-90%) [ 20 ], and other studies which were done in Australia [ 21 ], Greek [ 22 ], Chile [ 14 ], the USA [ 13 ], and Japan [ 10 ]. However, it is higher than the finding reported in France and comparable to findings of studies from Spain and Sweden [ 23 ].…”

Section: Discussionmentioning

confidence: 70%

“…If they said “yes,” they were asked whether they were willing to first bid 200 Ethiopian Birr (ETB) (equivalent with USD 5.15 using a November 2020 exchange rate of USD1 = 38.5 ETB) and then, the bid was either increased by 50 ETB where the highest bid was 300 ETB or decreased by 50 ETP to the lowest bid (100 ETB). A participant who refused to pay at the lowest bid (100 ETB/US$ 2.6) was considered not willing to pay [ 8 , 14 ].…”

Section: Methodsmentioning

confidence: 99%

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Acceptance and willingness to pay for COVID-19 vaccine among school teachers in Gondar City, Northwest Ethiopia

et al. 2021

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Background Vaccination is one of the strategies to prevent the COVID-19 pandemic. COVID-19 vaccine acceptance and cost are important factors affecting its uptake. However, little is known about acceptance and willingness to pay (WTP) for the vaccine. Objective This study aimed to assess acceptance and WTP for the COVID-19 vaccine and its associated factors among school teachers. Methods An institution-based cross-sectional study was conducted among school teachers. A stratified simple random sampling technique was employed to select the participants. The contingent valuation method was used to assess each respondent’s willingness to pay for the COVID-19 vaccination. A multivariable logistic regression analysis was employed to identify significant factors associated with WTP for the COVID-19 vaccine. A p value of less than 0.05 and a 95% confidence interval were used to declare statistical significance. Result A total of 301 school teachers participated with a response rate of 99.6%. The mean age of participants was 39.5 (SD ± 8.7 years). The mean WTP for the COVID-19 vaccine is US$ 4.98 (± US$ 1.6). Less than half (40.8%) of participants were willing to accept the COVID-19 vaccine whereas only 36.9% (95% CI, (31.6%, 42.5%)) of them were WTP for the vaccine. Being male (AOR = 3.23; 95% CI, (1.70, 6.14)), being a private school teacher (AOR = 3.27; 95% CI, (1.76, 6.10)), having high perceived susceptibility to COVID-19 (AOR = 2.69; 95% CI, (1.38, 5.24)), having high perceived seriousness of COVID-19 (AOR = 4.04; 95% CI, (1.80, 9.1)), and having high perceived benefit of COVID-19 vaccine (AOR = 3.0; 95% CI, (1.41, 6.34) were significant factors associated with WTP for COVID-19 vaccination. Conclusion and recommendation The magnitude of acceptance and WTP for the COVID-19 vaccine was low among school teachers. Male sex, private school affiliation, high perceived risk of COVID-19, and benefit of COVID-19 vaccine were the most important factors affecting school teacher’s WTP for COVID-19 vaccine. Thus, health communication programs should give due emphasis to raising teacher’s perceived risk of COVID-19 and the benefit of the COVID-19 vaccine to improve their acceptance and WTP for the vaccine. Furthermore, subsidizing the cost of the vaccine may improve their WTP.

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Section: Discussionmentioning

confidence: 70%

Section: Methodsmentioning

confidence: 99%

Acceptance and willingness to pay for COVID-19 vaccine among school teachers in Gondar City, Northwest Ethiopia

et al. 2021

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“…This condition may lead to a strong incentive for individuals to buy a COVID-19 vaccine. 83 However, there is controversy about the safety and efficacy of COVID-19 pandemic vaccines, which may contribute to low vaccination rates. 84 Besides, even though researchers have been working rapidly and collaboratively for the development of vaccines against this pandemic, the effort of the scientific community in searching a vaccine for COVID-19 may be hindered by a diffused vaccine hesitancy.…”

Section: Discussionmentioning

confidence: 99%

The Willingness to Receive COVID-19 Vaccine and Its Associated Factors: “Vaccination Refusal Could Prolong the War of This Pandemic” – A Systematic Review

Wake¹

2021

RMHP

175

221

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Background The outbreak of coronavirus disease 2019 (COVID-19) in Wuhan, China, spreads globally, since its declaration by the World Health Organization (WHO) as a COVID-19 pandemic on March 11, 2020. COVID-19 vaccine is a crucial preventive approach that can halt this pandemic. The present systematic review was aimed to assess the level of willingness to receive COVID-19 vaccine and its associated factors. Methods A comprehensive literature search was conducted by using various online databases such as PubMed/MEDLINE, HINARI, EMBASE, Google Scholar, Web of Science, Scopus, African journals, and Google for grey literature which were used to search the related articles up to the period of May 08, 2021. Results The overall rate of participants’ willingness to receive the COVID-19 vaccine was ranged from 27.7% to 91.3%, which was from Congo and China, respectively. Factors such as age, educational status, gender, income, residency, occupation, marital status, race/ethnicity, perceived risk of COVID-19, trust in healthcare system, health insurance, norms, attitude towards vaccine, perceived benefit of vaccine, perceived vaccine barriers, self-efficacy, up-to-date on vaccinations, tested for COVID-19 in the past, perceived efficacy of the COVID-19 vaccination, recommended for vaccination, political leaning, perceived severity of COVID-19, perceived effectiveness of COVID-19 vaccine, belief that vaccination makes them feel less worried about COVID-19, believing in mandatory COVID-19 vaccination, perceived potential vaccine harms, presence of chronic disease, confidence, COVID-19 vaccine safety concern, working in healthcare field, believing vaccines can stop the pandemic, fear about COVID-19, cues to action, COVID-19 vaccine hesitancy, complacency, and receiving any vaccine in the past 5 years were associated with the willingness of receive COVID-19 vaccine. Conclusion There were insufficient levels of willingness to receive COVID-19 vaccine, and several factors were associated with it. Health education should be provided concerning this vaccine to improve the willingness of the community.

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“…In addition, regional health policy makers need to take immediate actions to reduce the disease burden in a region that has the fourth highest cases prevalence after the USA, Brazil and Russia [7]. This can be done when local governments provide free of charge vaccination, especially for those with low income to make it more acceptable [51]. Furthermore, this willingness to pay for vaccine also depends on other different factors including employment status and preexistence chronic diseases [52].…”

Section: Covid-19 Vaccine Acceptance Rate Variation Between Countriesmentioning

confidence: 99%

Determinants of COVID-19 vaccine acceptance in the Arab world: a cross-sectional study

Kaadan

Abdulkarim

Chaar

et al. 2021

glob health res policy

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Background The Arab region is highly affected by the COVID-19 pandemic. Local governments have already started to act against the disease. However, only a few countries provided COVID-19 vaccination. Compliance with vaccination is a major topic affecting proper coverage. Thus, we aim to explore vaccine acceptance among Arab populations, and compare it with the global numbers. Methods An internet-based survey using social media platforms was conducted, targeting adults who were able to read and understand Arabic, had access to the internet, and from all 22 Arab league countries. Due to the response rate variation between participants, the countries were grouped into four categories based on their income: Low income, Lower-middle income, Upper-middle income, and High-income economies. Data about demographics, previous COVID-19 infection, and vaccine acceptance tendency were collected and analyzed using Chi-squared (χ2) test and Logistic regression. Results A total of 870 participants completed the survey. 59.3% of the participants were male, 53.3% were between 25 and 44 years, and 69.9% were Arabs who live inside of their home country. The COVID-19 vaccine acceptance rate was 62.4%. A significant higher tendency toward vaccination was identified in males (65.4%, P = 0.04) and people living outside their home countries (67.9%, P = 0.02). However, age group, level of education, and previous COVID-19 infection were all factors with insignificant effect. Citizens of High-income countries were more likely to accept the vaccine (70.2%). Conclusions Less than two-thirds of Arabs are compliant with COVID-19 vaccination. This proportion is relatively lower than the global rate. It is important to develop strategies to promote vaccine acceptance and reach the ideal coverage needed to achieve efficient immunization.

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Willingness to Pay for a COVID-19 Vaccine

Cited by 103 publications

References 42 publications

Acceptance and willingness to pay for COVID-19 vaccine among school teachers in Gondar City, Northwest Ethiopia

Acceptance and willingness to pay for COVID-19 vaccine among school teachers in Gondar City, Northwest Ethiopia

The Willingness to Receive COVID-19 Vaccine and Its Associated Factors: “Vaccination Refusal Could Prolong the War of This Pandemic” – A Systematic Review

Determinants of COVID-19 vaccine acceptance in the Arab world: a cross-sectional study

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