In a forthcoming paper, economist Michael Davis and the psychologist
\nChristian End say that having a winning NFL football team increases the
\nincomes of the people who live and work in its hometown by as much as
\n$120 a year. And while the study doesn’t identify exactly what causes
\nthe boost, the authors point to psychological literature suggesting
\nthat winning fans are at once harder workers and bigger spenders. In
\nshort, buoyed by the team’s success, we work longer hours, take bigger
\nrisks, and shop more avidly, all of which helps the local economy.<\/p><\/blockquote>\n
The obvious question is whether hosting a losing<\/i> NFL football team makes the community worse off<\/i> than if they had no team at all. We’ve got to manage our risks, after all.<\/p>\n","protected":false},"excerpt":{"rendered":"
Just as arts organizations are getting good at the economic impact arguments — that professional-grade culture revitalizes communities, spurs leisure spending on restaurants, hotels, and such, and bolsters the essential baby-sitter industry — professional sports teams are getting a new quiver for their bow: successful sports teams make people work harder, take bigger risks, and […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-1208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-main","7":"entry"},"_links":{"self":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/comments?post=1208"}],"version-history":[{"count":0,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/media?parent=1208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/categories?post=1208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/tags?post=1208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}