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Employment Effects of the 2002 Winter Olympics in Salt Lake City, Utah

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  • Baumann Robert

    (Department of Economics, Box 192A, College of the Holy Cross, Worcester, MA 01610-2395, USA)

  • Engelhardt Bryan

    (Department of Economics, Box 219A, College of the Holy Cross,Worcester, MA 01610-2395, USA.)

  • Matheson Victor A.

    (Department of Economics, Box 157A, College of the Holy Cross, Worcester, MA 01610-2395, USA.)

Abstract

Local, state, and federal governments, along with the Salt Lake City Organizing Committee, spent roughly $1.9 billion in planning and hosting the 2002 Winter Olympic Games. Event promoters suggested that the Games would increase employment in the state by 35,000 job-years. We investigate whether the 2002 Winter Olympics actually increased employment finding that the Games’ impact was a fraction of that claimed by the boosters.While the Salt Lake City Olympics did increase employment overall by between 4,000 and 7,000 jobs, these gains were concentrated in the leisure industry, and the Games had little to no effect on employment after 12 months.

Suggested Citation

  • Baumann Robert & Engelhardt Bryan & Matheson Victor A., 2012. "Employment Effects of the 2002 Winter Olympics in Salt Lake City, Utah," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(3), pages 308-317, June.
    • Handle: RePEc:jns:jbstat:v:232:y:2012:i:3:p:308-317
    DOI: 10.1515/jbnst-2012-0309
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    1. Robert Baumann & Bryan Engelhardt & Victor A. Matheson, 2012. "Labor Market Effects of the World Cup: A Sectoral Analysis," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 22, Edward Elgar Publishing.
    2. Victor Matheson, 2012. "Assessing the infrastructure impact of mega-events in emerging economies," Working Papers 1203, College of the Holy Cross, Department of Economics.
    3. Robert Baumann & Victor Matheson, 2013. "Infrastructure Investments and Mega-Sports Events: Comparing the Experience of Developing and Industrialized Countries," Working Papers 1305, College of the Holy Cross, Department of Economics.
    4. Jeremy Wood & Samuel Meng, 2021. "The economic impacts of the 2018 Winter Olympics," Tourism Economics, , vol. 27(7), pages 1303-1322, November.
    5. Robert W. Baumann & Victor A. Matheson, 2017. "Many happy returns? The Pro-Bowl, mega-events, and tourism in Hawaii," Tourism Economics, , vol. 23(4), pages 788-802, June.
    6. Robert A. Baade & Victor A. Matheson, 2016. "Going for the Gold: The Economics of the Olympics," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 201-218, Spring.
    7. Carl Singleton & J. James Reade & Johan Rewilak & Dominik Schreyer, 2021. "How big is home advantage at the Olympic Games?," Economics Discussion Papers em-dp2021-13, Department of Economics, University of Reading.
    8. Seung-Jin Han & Won-Jae Lee & So-Hee Kim & Sang-Hoon Yoon & Won Shick Ryu & Hyunwoong Pyun & Daehwan Kim, 2022. "Effects of the Olympic Announcement and the Actual Event on Property Values: The Case of the 2018 PyeongChang Winter Olympic Games," Sustainability, MDPI, vol. 14(14), pages 1-16, July.
    9. Andrew Bechard, 2020. "The economic impacts of harmful algal blooms on tourism: an examination of Southwest Florida using a spline regression approach," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 104(1), pages 593-609, October.
    10. Eiji Yamamura, 2021. "Do You Want Sustainable Olympics? Environment, Disaster, Gender, and the 2020 Tokyo Olympics," Sustainability, MDPI, vol. 13(22), pages 1-14, November.
    11. Koyo Miyoshi & Masaru Sasaki, 2016. "The Long‐Term Impacts of the 1998 Nagano Winter Olympic Games on Economic and Labor Market Outcomes," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(1), pages 43-65, January.
    12. Maysen Yen, 2024. "Does Rapid Transit and Light Rail Infrastructure Improve Labor Market Outcomes?," Working Papers 24-22, Center for Economic Studies, U.S. Census Bureau.
    13. Zdravko Sergo, 2019. "Inter-Generational Employment Spillovers From Tourism Across The Eu," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 28(1), pages 97-125, june.
    14. Michał Marcin Kobierecki & Michał Pierzgalski, 2022. "Sports Mega-Events and Economic Growth: A Synthetic Control Approach," Journal of Sports Economics, , vol. 23(5), pages 567-597, June.

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    More about this item

    Keywords

    Olympics; impact analysis; mega-event; tourism;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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