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The impact of the 1996 Summer Olympic Games on employment and wages in Georgia

Author

Listed:
  • Hotchkiss, Julie L.
  • Moore, Robert E.
  • Zobay, Stephanie M.

Abstract

Using the standard differences-in-differences (DD) technique and a modified DD technique in the slopes, this paper determines that hosting the 1996 Summer Olympic Games boosted employment by 17% in the counties of Georgia affiliated with and close to Olympic activity, relative to employment increases in other counties in Georgia (the rate of growth increased by 0.002 percentage points per quarter). Estimation of a random-growth model confirms a positive impact of the Olympics on employment. In addition, the employment impact is shown not to be merely a "metropolitan statistical area (MSA) effect"; employment in the northern Olympic venue areas was found to increase 11% more post- versus pre-Olympics than it did in other, similar southern MSAs. The evidence of an Olympic impact on wages is weak.

Suggested Citation

  • Hotchkiss, Julie L. & Moore, Robert E. & Zobay, Stephanie M., 2002. "The impact of the 1996 Summer Olympic Games on employment and wages in Georgia," MPRA Paper 9328, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:9328
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    Cited by:

    1. Plessis Stan du & Maennig Wolfgang, 2010. "Ökonomische Wirkungen der Fußball-WM 2010: Eine erste Ex-post-Analyse," Review of Economics, De Gruyter, vol. 61(3), pages 262-278, December.
    2. Artz, Georgeanne M. & Orazem, Peter F. & Otto, Daniel M., 2005. "Meat Packing and Processing Facilities in the Non-Metropolitan Midwest: Blessing or Curse?," 2005 Annual meeting, July 24-27, Providence, RI 19242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Nicholas Le, 2018. "Evaluating Crime as a Negative Externality of Hosting Mega-Events: Econometric Analysis of the 2012 London Summer Olympics," Working Papers 18-01, Department of Economics, West Virginia University.
    4. Zhuyan Xu & Chengzhong Wu & Xuefei Li, 2022. "Residents’ Perceptions and Behavioral Intentions towards Mega-Sports Events: A Case Study of Beijing 2022 Olympic Winter Games," Sustainability, MDPI, vol. 14(22), pages 1-17, November.
    5. Wiker, Dagmara, 2015. "The impact of Euro 2012 on employment and wages in Poland," MPRA Paper 82602, University Library of Munich, Germany, revised 23 Nov 2017.
    6. Wolfgang Maennig & Andrew Zimbalist (ed.), 2012. "International Handbook on the Economics of Mega Sporting Events," Books, Edward Elgar Publishing, number 14313.
    7. Bernd Süssmuth & Malte Heyne & Wolfgang Maennig, 2010. "Induced Civic Pride and Integration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(2), pages 202-220, April.
    8. Stephen Shmanske, 2012. "The Economic Impact of the Golf Majors," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 25, Edward Elgar Publishing.
    9. Corinne Sullivan & Michael A. Leeds, 2016. "Will the games pay? An event analysis of the 2020 summer Olympics announcement on stock markets in Japan, Spain, and Turkey," Applied Economics Letters, Taylor & Francis Journals, vol. 23(12), pages 880-883, August.
    10. Stephen P. Ferris & Sulgi Koo & Kwangwoo Park & David T. Yi, 2022. "The Effects of Hosting Mega Sporting Events on Local Stock Markets and Sustainable Growth," Sustainability, MDPI, vol. 15(1), pages 1-15, December.
    11. Wolfgang Maennig, 2017. "Major Sports Events: Economic Impact," Working Papers 058, Chair for Economic Policy, University of Hamburg.
    12. Lars Calmfors & Giancarlo Corsetti & Michael P. Devereux & Seppo Honkapohja & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2007. "Chapter 6: Economic nationalism," EEAG Report on the European Economy, CESifo, vol. 0, pages 133-147, February.
    13. Arne Feddersen & Wolfgang Maennig, 2009. "Wage and Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered," Working Papers 025, Chair for Economic Policy, University of Hamburg.
    14. Philip K. Porter & Daniel M. Chin, 2012. "Economic Impact of Sports Events," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 15, Edward Elgar Publishing.
    15. Shoag, Daniel & Veuger, Stan, 2017. "Taking My Talents to South Beach (and Back)," Working Paper Series rwp17-019, Harvard University, John F. Kennedy School of Government.
    16. John Charles Bradbury, 2022. "Does hosting a professional sports team benefit the local community? Evidence from property assessments," Economics of Governance, Springer, vol. 23(3), pages 219-252, December.
    17. Wolfgang Maennig & Andrew Zimbalist, 2012. "Future Challenges: Maximizing the Benefits and Minimizing the Costs," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 31, Edward Elgar Publishing.
    18. Muhammad Q. Islam, 2019. "Local Development Effect of Sports Facilities and Sports Teams: Case Studies Using Synthetic Control Method," Journal of Sports Economics, , vol. 20(2), pages 242-260, February.
    19. 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.
    20. Stan du Plessis & Wolfgang Maennig, 2007. "World Cup 2010: South African Economic Perspectives and Perspectives Policy Challenges Informed by the Experience of Germany 2006," Working Papers 004, Chair for Economic Policy, University of Hamburg.
    21. Heather Mitchell & Mark Fergusson Stewart, 2015. "What should you pay to host a party? An economic analysis of hosting sports mega-events," Applied Economics, Taylor & Francis Journals, vol. 47(15), pages 1550-1561, March.

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    More about this item

    Keywords

    differences-in-differences; economic development;

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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