Accueillir les jeux olympiques rend-il heureux ?

Dimitris Mavridis and Claudia Senik ()
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Dimitris Mavridis: OCDE - Organisation de Coopération et de Développement Economiques = Organisation for Economic Co-operation and Development
Claudia Senik: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, SU - Sorbonne Université

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Abstract: Using a panel survey of 26,000 people living in London, Paris and Berlin during the summer months of 2011, 2012 and 2013, we exploit the quasi-natural experience of choosing London as host city. We follow a difference-in-differences approach to determine the effect of hosting the 2012 Summer Olympic Games.Our results show that the Summer Games increased Londoners' satisfaction and happiness in the short term (i.e. during the Olympic period), particularly around the opening and closing ceremonies. The beneficial effect on Londoners is quite significant, but the monetary equivalent of this gain in terms of subjective well-being remains well below the actual cost of the event. However, the conclusion is different, if we assume that the hedonic effect extends to the whole of the UK and not just to the city of London.

Date: 2024-03
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Published in Revue d'économie financière, 2024, 2024/2 (154), pp.77-88. ⟨10.3917/ecofi.154.0077⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04804485

DOI: 10.3917/ecofi.154.0077

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