The effect of professional sports on earnings and employment in the services and retail sectors in US cities
نویسندگان
چکیده
This paper explores the impact of professional sports teams and stadiums on employment and earnings in specific sectors in US cities. Previous research focused on aggregate measures of income or employment. We find that professional sports have a small positive effect on earnings per employee in one sector, amusements and recreation, and an offsetting decrease in both earnings and employment in other sectors, supporting the idea that consumer spending on professional sports and spending in other sectors are substitutes. This helps to explain the negative total economic impact of sports found in other studies. 2002 Elsevier Science B.V. All rights reserved.
منابع مشابه
Determining the Capacity of Creating Employment in Different Economic Sectors to Achieve the Purposes of the Sixth Development Plan Using the input-Output Approach
Nowadays unemployment has become one of the most important issues and challenges of Iran`s economy. In order to achieve the goals of the Sixth Development Plan, annual job creation of 952,379 people is required. Given the lack of government resources and the need for their optimal allocation, identifying the most effective way to realize this job creation is the aim of this research. According ...
متن کاملAnalyzing the Asymmetric Effect of Exchange Rate on Employment in Iran with Emphasis on Economic Sectors
Due to the structure of exchange rate regime in Iran and its dependence on oil revenues in recent decades, it is expected that exchange rate changes can be regarded as a consequence of major changes in oil price. In this regard, the exchange rate increases and decreases can influence the level of employment of firms by affecting the amount of their profitability, and of course, this kind of inf...
متن کاملSpillover Fluctuations between Inflation and Un(employment) Concerning Different Macroeconomic Sectors in Iran
The main objective of this study is to analyze spillover fluctuations between inflation fluctuation and (un)employment fluctuation in relation to agriculture, industry and services sectors of Iran. In line with this, PANEL in Mean-MGARCH model has been used concerning Iran’s agriculture, industry and services sectors over the period of time from spring 2002 to winter 2016. The results show that...
متن کاملThe Effect of Professional Sports on the Earnings of Individuals: Evidence from Microeconomic Data
This paper explores the impact of professional sports teams and stadiums on the wages of individuals employed in several narrowly defined occupational groups in cities in the United States. The occupational groups examined are among those that proponents of public funding of professional sports claim will benefit economically from these stadiums. Our analysis uses data from the March Supplement...
متن کاملInvestigating the Effect of Trade Shocks on employment in tradable and non-tradable sectors in Iran: A Dynamic Stochastic General Equilibrium Model (DSGE)
The aim of this paper is the analysis of trade shocks on tradable and non-tradable employment. To do so, a dynamic stochastic general equilibrium model is designed for Iran economy and the sectors of model are tradable, non-tradable and import. The variables related to foreign trade sector are nominal and real exchange rate, the law of one price gap and terms of trade. The structural parameters...
متن کامل