Quantifying the intangible impact of the Olympics using subjective well-being data
Paul Dolan
(1, 2)
,
Georgios Kavetsos
(1, 2, 3)
,
Christian Krekel
(2, 4)
,
Dimitris Mavridis
(5)
,
Robert Metcalfe
(6)
,
Claudia Senik
(7, 8, 9)
,
Stefan Szymanski
(10)
,
Nicolas Ziebarth
(11)
1
CEP - LSE -
Centre for Economic Performance
2 LSE - London School of Economics and Political Science
3 QMUL - Queen Mary University of London
4 CEPR - Center for Economic Policy Research
5 The World Bank - The World Bank
6 BU - Boston University [Boston]
7 PSE - Paris School of Economics
8 PJSE - Paris Jourdan Sciences Economiques
9 UP4 - Université Paris-Sorbonne
10 University of Michigan [Ann Arbor]
11 Cornell University [New York]
2 LSE - London School of Economics and Political Science
3 QMUL - Queen Mary University of London
4 CEPR - Center for Economic Policy Research
5 The World Bank - The World Bank
6 BU - Boston University [Boston]
7 PSE - Paris School of Economics
8 PJSE - Paris Jourdan Sciences Economiques
9 UP4 - Université Paris-Sorbonne
10 University of Michigan [Ann Arbor]
11 Cornell University [New York]
Claudia Senik
- Fonction : Auteur
- PersonId : 743549
- IdHAL : claudia-senik
- ORCID : 0000-0001-6236-9389
- IdRef : 035112328
Résumé
Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show that hosting the Olympics increases subjective well-being of the host city's residents during the event, particularly around the times of the opening and closing ceremonies. However, we do not find much evidence for legacy effects. Estimating residents' implicit willingness-to-pay for the event, we do not find that it was worth it for London alone, but a modest well-being impact on the rest of the country would make hosting worth the costs.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Quantifying the intangible impact of the Olympics using subjective well-being data
|
Résumé |
en
Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show that hosting the Olympics increases subjective well-being of the host city's residents during the event, particularly around the times of the opening and closing ceremonies. However, we do not find much evidence for legacy effects. Estimating residents' implicit willingness-to-pay for the event, we do not find that it was worth it for London alone, but a modest well-being impact on the rest of the country would make hosting worth the costs.
|
Auteur(s) |
Paul Dolan
1, 2
, Georgios Kavetsos
1, 2, 3
, Christian Krekel
2, 4
, Dimitris Mavridis
5
, Robert Metcalfe
6
, Claudia Senik
7, 8, 9
, Stefan Szymanski
10
, Nicolas Ziebarth
11
1
CEP - LSE -
Centre for Economic Performance
( 151088 )
- Centre for Economic Performance
London School of Economics and Political Science
Houghton Street
London
WC2A 2AE
UK
- Royaume-Uni
2
LSE -
London School of Economics and Political Science
( 328453 )
- Houghton Street, London WC2A 2AE
- Royaume-Uni
3
QMUL -
Queen Mary University of London
( 303063 )
- Mile End Road, London E1 4NS
- Royaume-Uni
4
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
5
The World Bank -
The World Bank
( 475528 )
- États-Unis
6
BU -
Boston University [Boston]
( 63395 )
- One Silber Way, Boston, MA 02215
- États-Unis
7
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
8
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
9
UP4 -
Université Paris-Sorbonne
( 123821 )
- 1 rue Victor Cousin - 75005 Paris
- France
10
University of Michigan [Ann Arbor]
( 24332 )
- 500 Church Street Ann Arbor, MI 48109-1090
- États-Unis
11
Cornell University [New York]
( 99874 )
- Ithaca, New York 14853
- États-Unis
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2019-09
|
Volume |
177
|
Page/Identifiant |
104043
|
Domaine(s) |
|
DOI | 10.1016/j.jpubeco.2019.07.002 |
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