Schmelz, Katrin and Samuel Bowles

Policy interventions may affect beliefs and preferences in counterproductive ways. This column presents panel evidence on COVID-19 vaccination willingness in Germany which suggests that policies that foster trust in public institutions will promote vaccination acceptance. But a vaccine mandate can also crowd out initial willingness. The data suggest that policies affect beliefs and preferences through both framing and learning effects. Beyond the pandemic, the findings may also be applied to other societal challenges such as climate change, where an effective combination of mandatory policies and values-motivated lifestyle changes will contribute to reducing our carbon footprint.