The Host with the Most The Effects of the Olympic Games on HappinessReport as inadecuate




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1 LSE - London School of Economics and Political Science 2 Centre for Economic Performance 3 QMUL - Queen Mary University of London 4 DIW Berlin 5 PSE - Paris School of Economics 6 OECD - OECD 7 University of Chicago 8 PSE - Paris-Jourdan Sciences Economiques 9 UP4 - Université Paris-Sorbonne 10 University of Michigan Ann Arbor 11 Cornell University

Abstract : We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom to the fourth income decile. But they do not last very long: the effects are gone within a year. These conclusions are based on a novel panel survey of 26,000 individuals who were interviewed during the summers of 2011, 2012, and 2013, i.e. before, during, and after the event. The results are robust to selection into the survey and to the number of medals won.

Keywords : Olympic Games natural experiment subjective wellbeing life satisfaction happiness





Author: Paul Dolan - Georgios Kavetsos - Christian Krekel - Dimitris Mavridis - Robert Metcalfe - Claudia Senik - Stefan Szymanski - Nico

Source: https://hal.archives-ouvertes.fr/



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