• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2022 Vol.10(3): 195-199 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.3.698

Research on the Relationship between Unemployment Rate and Vaccination Rate in United States

Fangyuan Hu, Jingyu Pang, and Haotian Sun

Abstract—The outbreak of the new crown pneumonia epidemic in 2019 has had a huge impact on the economy and social employment. Since 2021, the unemployment rate has continued to decline in the United States. Research on the relationship between the unemployment rate and the vaccination rate has received extensive attention from more and more scholars. This article aims to clarify the relationship between unemployment rate and vaccination rate through the collected data. By constructing limited distribution lag model to examine the relationship between vaccination rate and education level on unemployment rate in each state in the United States, it is found that the increase in vaccination rate will indeed reduce the unemployment rate. Vigorous promotion of vaccination is a benefit to achieve the stability of the US labor market. In addition, the research in this article also found that the level of education also has an impact on the vaccination rate and unemployment rate. The higher the level of education, the higher the vaccination rate and the lower the unemployment rate. This shows that the epidemic may exacerbate the gap between the rich and the poor and racial inequality in American, and the government needs to pay attention to the disadvantaged groups.

Index Terms—Unemployment rate, vaccination rate, limited distribution lag model, Covid-19.

Fangyuan Hu is with College of Liberal Arts, Pennsylvania State University, State College, Pennsylvania, United States (e-mail: fkh5056@psu.edu). Jingyu Pang is with International College Beijing, China Agricultural University, Beijing, Chifeng, Inner Mongolia Autonomous Region, China 100000 (e-mail: 1808049896@qq.com). Haotian Sun is with College of Arts and Science, College of Business, Lehigh University, Bethlehem, Pennsylvania, United States.


Cite:Fangyuan Hu, Jingyu Pang, and Haotian Sun, "Research on the Relationship between Unemployment Rate and Vaccination Rate in United States," Journal of Economics, Business and Management vol. 10, no. 3, pp. 195-199, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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