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Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi- experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...
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The paper assesses perceived job insecurity as a determinant of current subjective well-being and demonstrates that standard models may yield significantly downward biased estimates.
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This study measures the welfare effects of technological goods using a recent European pooled cross-sectional dataset. We find that fixed and mobile phones, music players and personal computers, including those with an Internet connection, are associated with significantly higher levels of...
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satisfaction (happiness) for twelve European countries we test for the impact of hosting and of national athletic success on … happiness. Our data covers three different major events: the Olympic Games, the FIFA World Cup and the UEFA European … impact of national athletic success on happiness, while correctly signed, is statistically insignificant. …
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Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...
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