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Opinion | What if a Covid-19 vaccination could give you a better, happier life?

  • Vaccinated people surveyed in Tokyo, New York and Shanghai report better social and psychological well-being and expect better earnings than the unvaccinated
  • Such findings, while far from conclusive, do add to the moral impetus to get as many people vaccinated as soon as possible

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An elderly Nepalese couple wait outside after receiving a Covid-19 vaccine in Kathmandu, Nepal, on August 9. Photo: AP
Everyone has heard of the medical reasons for taking Covid-19 vaccines – they may save your life and that of others. Yet, the pandemic is more than just a medical disaster, with economic recession, social isolation and mental illness wreaking havoc across the world.
What if Covid-19 vaccines can also push back against economic malaise, social isolation and psychological maladies? What if they can bring hope for a brighter future and the confidence to move forward?

It is hard to say for sure, but findings from a survey by Zectr of people across Tokyo, New York and Shanghai suggest that the vaccinated (and those who intend to be) may indeed be building better lives.

A broad comparison across the three cities reveals that vaccination is associated with a brighter future. Tokyo not only features the lowest vaccination rate, but also the worst expected earnings and spending power; while 21 per cent of respondents expect their disposable incomes to shrink this year compared to last year, only 10 per cent expect them to grow.

Of those expecting a decrease, 38 per cent expect a pay cut, 35 per cent a lower bonus and 34 per cent a reduction in working hours.

New York and Shanghai, in contrast, feature higher vaccination rates and appear to be further along the road to economic recovery; slightly more respondents in both cities expect their disposable incomes to grow.

Joon Nak Choi is an assistant professor at the School of Business and Management and a faculty associate at the Institute for Emerging Market Studies at the Hong Kong University of Science and Technology. He previously held appointments at the Shorenstein Asia-Pacific Research Centre at Stanford University, and has also worked as a management consultant and entrepreneur. He is also the author of Global Talent: Skilled Labor as Social Capital in Korea. His ongoing research focuses on business strategy and entrepreneurship in the Asia-Pacific region.
Joyce Tam
Joyce Tam is a veteran of the market research industry, having expertise on consumer behaviour across Asia, Europe, and North America using qualitative, quantitative, and mixed methodologies. She holds an MA from the University of Edinburgh.
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