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Discussion Paper
The Vaccine Boost: An Analysis of the Impact of the COVID-19 Vaccine Rollout on Measures of Activity
Several measures of economic activity have shown improvement since the start of the COVID-19 vaccine rollout. This note quantifies the impact of the rollout across four main dimensions of activity: spending, mobility, education, and employment.
Working Paper
The Vaccine Boost: Quantifying the Impact of the COVID-19 Vaccine Rollout on Measures of Activity
This paper investigates the impact of vaccine administration on three main dimensions of activity: spending, mobility, and employment. Our investigation combines two parts. First, we exploit the variation in vaccine administration across states. In panel regressions that include a large set of controls, we find that the rollout has a significant impact on spending, while the results on mobility and employment are mixed. Second, to address concerns of endogeneity, we look at the impact of vaccine lotteries on spending. Using a dynamic event design setting, we find that lotteries have ...