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The Host with the Most? The Effects of the Olympic Games on Happiness

Author

Listed:
  • Paul Dolan
  • Georgios Kavetsos
  • Christian Krekel
  • Dimitris Mavridis
  • Robert Metcalfe
  • Claudia Senik
  • Stefan Szymanski
  • Nicolas R. Ziebarth

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.

Suggested Citation

  • Paul Dolan & Georgios Kavetsos & Christian Krekel & Dimitris Mavridis & Robert Metcalfe & Claudia Senik & Stefan Szymanski & Nicolas R. Ziebarth, 2016. "The Host with the Most? The Effects of the Olympic Games on Happiness," CEP Discussion Papers dp1441, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp1441
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    References listed on IDEAS

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    More about this item

    Keywords

    subjective wellbeing; life satisfaction; happiness; Olympic Games; natural experiment;

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z20 - Other Special Topics - - Sports Economics - - - General
    • Z28 - Other Special Topics - - Sports Economics - - - Policy

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