Impact of the 1996 Summer Olympic Games on Unemployment in Georgia

Southwestern Journal of Economics, Vol. 7, No. 1, 2004

Posted: 31 Jul 2005

See all articles by Jonathan Willner

Jonathan Willner

Oklahoma City University - Meinders School of Business

Elias Aravantinos

Stevens Institute of Technology

Abstract

Atlanta's 1996 Olympic Games were considered the most successful Olympics in the history of the event. Success in this case is based on financial considerations. There is no doubt that there was a tremendous economic activity associated with not only the city but much of the state of Georgia. Additionally it is well known that the Olympic Games are not a typical sport event, but a social event with several economic and financial extensions. At issue is whether the Olympic Games constitute a consumption or investment activity. We look at multiple measures of labor market changes in Georgia around the Olympics. We find limited positive effects on employment levels in counties close to but that did not have Olympic venues. Further we find that some measures of Olympic effects on labor market measures are startlingly negative.

JEL Classification: C1, L83, N1

Suggested Citation

Willner, Jonathan and Aravantinos, Elias, Impact of the 1996 Summer Olympic Games on Unemployment in Georgia. Southwestern Journal of Economics, Vol. 7, No. 1, 2004, Available at SSRN: https://ssrn.com/abstract=761825

Jonathan Willner (Contact Author)

Oklahoma City University - Meinders School of Business ( email )

2501 North Blackwelder
Oklahoma City, OK 73106-1493
United States

Elias Aravantinos

Stevens Institute of Technology ( email )

Wesley J. Howe School of Technology Management
Hoboken, NJ 07030
United States

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