Quantifying the intangible impact of the Olympics using subjective well-being data

Dolan, Paul; Kavetsos, Georgios; Krekel, Christian; Mavridis, Dimitris; Metcalfe, Robert; Senik, Claudia; Szymanski, Stefan; Ziebarth, Nicolas R.

doi:10.1016/j.jpubeco.2019.07.002

Cited by 61 publications

(44 citation statements)

References 62 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We must examine the impact of these changes from a socio-cultural, economic and political perspective (Parnell et al [31]). Dolan et al [22] provided evidence of an aggregate willingness-to-pay (WTP) for hosting the Olympics below the actual costs of hosting the games, although the Olympics increase the subjective well-being of residents in the hosting cities. Human history shows that devastating pandemics play a critical role in the revival of human society.…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

The Impact of Postponing 2020 Tokyo Olympics on the Happiness of O-MO-TE-NA-SHI Workers in Tourism: A Consequence of COVID-19

Yamamura

Tsutsui

2020

Sustainability

View full text Add to dashboard Cite

The 2020 Tokyo Olympics have been postponed due to the novel coronavirus (COVID-19) pandemic. The implications for industries related to the Olympics—tourism, hotels and restaurants, and others—are expected to be affected by reduced demand. Japanese workers in these industries were prepared to offer their hospitality to visitors from around the world. They would be benefited not only by an increase in income but also in offering visitors a taste of Tokyo’s great hospitality if the Olympics had been held in 2020. However, postponement of the sporting event is likely to have a significant impact on their happiness level. We independently collected individual-level panel data from March to April 2020. In the survey, the respondents were asked about their happiness levels by choosing from 11 categories: 1 (very unhappy) and 11 (very happy). They were also asked about expected income changes from 2020 to 2021. Based on this, we examined the effect of postponement on happiness level and expected income change. The sample was divided into sub-samples of areas including and excluding Tokyo. We found that the happiness level of workers in the tourism and restaurant sectors declined drastically after the announcement of the postponement. Only two weeks later, their happiness level did not alter from the pre-announcement level. This tendency was strongly observed in Tokyo and the surrounding prefectures, but not in other prefectures. However, workers engaged in the tourism and restaurant sectors did not predict a decrease in their income even after the postponement. Combined, these findings indicate that loss of extending hospitality, rather than reduction in income, temporarily reduces the happiness level of workers.

show abstract

Section: Discussionmentioning

confidence: 99%

“…In addition to the economic impact, postponement of the Olympics was expected to have a psychological impact. Dolan et al [22] found that the London Olympics increased the subjective well-being of London residents during the event. Unpaid volunteer workers were prepared to contribute to the Olympics.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Postponing 2020 Tokyo Olympics on the Happiness of O-MO-TE-NA-SHI Workers in Tourism: A Consequence of COVID-19

Yamamura

Tsutsui

2020

Sustainability

View full text Add to dashboard Cite

show abstract

“…The academic literature finds little evidence for economic benefits from Olympic sports infrastructure (Coates and Humphreys, 2008;Baade and Matheson, 2016). Moreover, there are typically no substantial long-run effects on tourism (Fourie and Santana-Gallego, 2011;Baade and Matheson, 2016) or on intangible assets such as athletic success (Contreras and Corvalan, 2014) or increased well-being (Dolan et al, 2019). However, economic theory as well as a growing body of empirical literature have highlighted the potential positive regional effects of infrastructure investments, especially with respect to transportation infrastructure (Banerjee et al, 2012;Duranton and Turner, 2012;Faber, 2014;Ahlfeldt and Feddersen, 2018;Donaldson, 2018;Gibbons et al, 2019, among others).…”

Section: Related Literature and Conceptual Backgroundmentioning

confidence: 99%

The Causal Economic Effects of Olympic Games on Host Regions

Firgo

2019

SSRN Journal

View full text Add to dashboard Cite

This paper studies the effects of hosting Olympic Games on the regional economy in the short-and long-run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short-run, hosting Summer Olympics boosts regional GDP per capita by about 3 to 4 percentage points relative to the national level in the year of the event and the year before. There is also evidence for positive long-run effects, but results on the latter are not statistically robust. In contrast, Winter Olympics do not have a positive impact on host regions. If anything, they lead to a temporal decline in regional GDP per capita in the years around the event.

show abstract

“…SWB was affected by major events that participants experienced recently (Bernat et al, 1998;Gabert-Quillen et al, 2015). For example, hosting the Olympic Games increased residents' SWB (Dolan et al, 2019), and huge natural disasters such as earthquakes decreased residents' SWB (He, 2013). During the past decades, China has experienced both massive positive and negative social events such as the Wenchuan earthquake and Beijing Olympics Games in 2008.…”

Section: Introductionmentioning

confidence: 99%

Birth Cohort Changes in the Subjective Well-Being of Chinese College Students: A Cross-Temporal Meta-Analysis, 2002–2017

Liu

2020

Front. Psychol.

View full text Add to dashboard Cite

According to the happiness-income paradox, economic growth within a country does not necessarily lead to an increase in well-being. However, previous literature also showed that economic growth has a greater impact on well-being in a low-income country than a high-income country. China is a typical developing country that has experienced dramatic development in recent decades. How did the well-being of the Chinese change? To examine birth cohort changes in Chinese college students' subjective well-being, a cross-temporal meta-analysis that involved 100 studies was conducted (106 data points, N = 55,830). The results showed that Chinese college students' well-being increased by at least 0.45 standard deviations from 2002 to 2017. In addition, their subjective wellbeing was significantly correlated with social indicators (e.g., GDP per capita, divorce rate, and university enrollment rate) for the corresponding years and 3 years prior to the collection of subjective well-being data. It is evident that social changes play an important role in predicting changes in well-being.

show abstract

Quantifying the intangible impact of the Olympics using subjective well-being data

Cited by 61 publications

References 62 publications

The Impact of Postponing 2020 Tokyo Olympics on the Happiness of O-MO-TE-NA-SHI Workers in Tourism: A Consequence of COVID-19

The Impact of Postponing 2020 Tokyo Olympics on the Happiness of O-MO-TE-NA-SHI Workers in Tourism: A Consequence of COVID-19

The Causal Economic Effects of Olympic Games on Host Regions

Birth Cohort Changes in the Subjective Well-Being of Chinese College Students: A Cross-Temporal Meta-Analysis, 2002–2017

Contact Info

Product

Resources

About