Abstract
ABSTRACT Do people vaccinated against COVID-19 exhibit a greater propensity to take a vacation trip? This paper answers this research question using nationwide survey microdata for a representative sample of the Spanish population in the summer of 2021. To provide a causal estimate of how COVID-19 vaccine affects travel propensity, our identification strategy uses an Inverse Probability Weighting Regression Adjustment (IPWRA) estimator that deals with selection and compositional effects. Consistent with the Health Belief Model and the Protection Motivation Theory, we find robust evidence that vaccination against COVID-19 increases the probability of taking a holiday trip during the summer period by 8.3 percentage points among the general population and 11.3 percentage points among the vaccinated subsample. Therefore, we document that vaccination propels tourism participation. Our results provide important insights for the recovery of the tourism industry.
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