The host with the most? The effects of the Olympic Games on happiness

Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe (), Claudia Senik (), Stefan Szymanski and Nicolas Ziebarth ()

CEP Discussion Papers from Centre for Economic Performance, LSE

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: subjective wellbeing; life satisfaction; happiness; Olympic Games; natural experiment (search for similar items in EconPapers)
JEL-codes: I30 I31 I38 L83 Z20 Z28 (search for similar items in EconPapers)
Date: 2016-07-26
New Economics Papers: this item is included in nep-cse, nep-hap, nep-hpe and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Host with the Most? The Effects of the Olympic Games on Happiness (2016)
Working Paper: The Host with the Most? The Effects of the Olympic Games on Happiness (2016)
Working Paper: The Host with the Most? The Effects of the Olympic Games on Happiness (2016)
Working Paper: The host with the most? The effects of the Olympic Games on happiness (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1441

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