COVID-19 Vaccinations, Business Activity, and Firm Value
In this seminar, the researcher explores how anonymized mobility data from SafeGraph can be leveraged to understand behavioral and economic responses to COVID-19 vaccination efforts. The core of the study investigates the extent to which rising vaccination rates influenced physical visits to businesses across the United States, providing an empirical link between public health progress and local economic recovery. By using high-resolution location data from smartphones, the research captures real-time patterns of human movement and commercial engagement throughout the pandemic period.
The analysis integrates county-level vaccination data with SafeGraph’s Patterns dataset, which tracks visits to points of interest (POIs) such as retail stores, restaurants, and entertainment venues. The researcher employs econometric modeling to control for confounding variables such as local COVID-19 case counts, government restrictions, and baseline mobility trends. This approach enables a clearer view of how increasing vaccination coverage independently affected business activity, and whether these effects differed by geography, industry, or demographics.
Findings show a strong positive correlation between vaccination rates and increased business foot traffic, especially in sectors like dining, entertainment, and personal care services. The research suggests that as individuals gained confidence in their personal safety due to vaccination, they were more likely to re-engage with in-person commerce. Interestingly, the timing and magnitude of these effects varied regionally, reflecting local policy decisions and cultural attitudes toward vaccines.
This work not only underscores the value of SafeGraph’s granular mobility data for studying real-world behavior during a public health crisis but also highlights how public health initiatives can serve as catalysts for economic rebound. The seminar provides actionable insights for policymakers, epidemiologists, and economists alike, showing the intertwined nature of health and economic resilience. It also raises important questions about privacy, data ethics, and the role of commercial data sources in public research.