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The Labor Market Effects of the Salt Lake City Winter Olympics

Author

Listed:
  • 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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Robert Baumann & Bryan Engelhardt & Victor Matheson, 2010. "The Labor Market Effects of the Salt Lake City Winter Olympics," Working Papers 1002, International Association of Sports Economists;North American Association of Sports Economists.
  • Handle: RePEc:spe:wpaper:1002
    as

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    File URL: http://web.holycross.edu/RePEc/spe/MathesonBaumannEngelhardt_SLCOlympics.pdf
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    References listed on IDEAS

    as
    1. Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
    2. Robert A. BAADE & Robert W. BAUMANN & Victor A. MATHESON, 2010. "Slippery Slope ? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 31, pages 81-92.
    3. Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Regional Studies, Taylor & Francis Journals, vol. 38(4), pages 343-354.
    4. 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.
    5. 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.
    6. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    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 2014-02-04 00:59:05
    2. Altmetrics and the Olympics
      by ? in Altmetric.com on 2014-02-19 21:11:00

    Citations

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    Cited by:

    1. 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.

    More about this item

    Keywords

    Olympics; impact analysis; mega-event; tourism;

    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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