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The Wealth Effect September 11, 2008

Posted by Dwight Furrow in Current Events, Dwight Furrow's Posts.
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A new study suggests that cities that have winning sports teams (the study tracked NFL teams) enjoy a $120 increase in per capita income.

“To the authors, the finding was evidence that all the psychic benefits of winning translate into a very modest but measurable economic boost. Fired up by their team, people are working just a little harder and longer; inflated with borrowed confidence, they are charming bosses and earning raises.”

Presumably cities with losing teams suffer the reverse effect. Does this hold for baseball teams as well? Are the Padres so bad this season that they have caused a world-wide recession?

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1. Paul Moloney - September 11, 2008

The Padres may not have caused a world-wide recession but they do not seem to be helping the local economy, at least not in my regards.


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