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The Labor Market Effects of the Salt Lake City Winter Olympics

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Author Info

  • Robert Baumann

    ()
    (Department of Economics, College of the Holy Cross)

  • Bryan Engelhardt

    ()
    (Department of Economics, College of the Holy Cross)

  • Victor Matheson

    ()
    (Department of Economics, College of the Holy Cross)

Abstract

The local, state, and federal governments, along with the Salt Lake City Organizing Committee, spent roughly $1.9 billion in direct costs related to planning and hosting the 2002 Winter Olympic Games. In this paper, we investigate whether these expenditures increased employment. At the state level, we find strong evidence it increased employment in leisure related industries in the short run and potentially in the long run. However, the results indicate it had no long term impact on employment in retail trade or in the overall economy.

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File URL: http://college.holycross.edu/RePEc/hcx/Matheson-Baumann-Engelhardt_SLCOlympics.pdf
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Bibliographic Info

Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 1002.

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Length: 17 pages
Date of creation: May 2010
Date of revision:
Handle: RePEc:hcx:wpaper:1002

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Keywords: Olympics; impact analysis; mega-event; tourism;

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References

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  1. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
  2. Robert Baade & Robert Baumann & Victor Matheson, 2008. "Slippery Slope? Assessing the Economic Impact of the 2002 Winter Olympic Games in Salt Lake City, Utah," Working Papers 0829, International Association of Sports Economists;North American Association of Sports Economists.
  3. Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," IASE Conference Papers 0406, International Association of Sports Economists.
  4. Coates, Dennis & Humphreys, Brad R., 2003. "The effect of professional sports on earnings and employment in the services and retail sectors in US cities," Regional Science and Urban Economics, Elsevier, vol. 33(2), pages 175-198, March.
  5. Hagn, Florian & Maennig, Wolfgang, 2008. "Employment effects of the Football World Cup 1974 in Germany," Labour Economics, Elsevier, vol. 15(5), pages 1062-1075, October.
  6. Florian Hagn & Wolfgang Maennig, 2009. "Large sport events and unemployment: the case of the 2006 soccer World Cup in Germany," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3295-3302.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Economic and cultural benefits of the Olympics: Research roundup
    by ? in Journalist's Resource on 2014-02-03 18:59:05
  2. Altmetrics and the Olympics
    by ? in Altmetric.com on 2014-02-19 15:11:00
  3. Can London 2012 be a winner for tourism?
    by Dave Simpson in hand picked... and carefully sorted on 2010-11-10 16:22:40

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