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- handle: 10670/1.k5q2zo
- halshs: halshs-01349354
info:eu-repo/semantics/OpenAccess
Mots-clés
Sport events Olympic Games Quasi-natural experiment Subjective well-being Life satisfaction Happiness Intangible effects I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I30 - General I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I38 - Government Policy • Provision and Effects of Welfare Programs L - Industrial Organization/L.L8 - Industry Studies: Services/L.L8.L83 - Sports • Gambling • Restaurants • Recreation • Tourism Z - Other Special Topics/Z.Z2 - Sports Economics/Z.Z2.Z20 - General Z - Other Special Topics/Z.Z2 - Sports Economics/Z.Z2.Z28 - PolicySujets proches
Welfare (Personal well-being) WellbeingCiter ce document
Paul Dolan et al., « Quantifying the intangible impact of the Olympics using subjective well-being data », HAL-SHS : économie et finance, ID : 10670/1.k5q2zo
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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 _nd much evi- dence for legacy e_ects. Estimating residents' implicit willingness-to-pay for the event, we do not _nd that it was worth it for London alone, but a modest wellbeing impact on the rest of the country would make hosting worth the costs.