Quantifying and Valuing the Wellbeing Impacts of Culture and Sport
“The Department for Culture, Media and Sport (DCMS) commissioned researchers from the London School of Economics (LSE) to undertake analysis of Understanding Society data to develop the evidence base on the wellbeing impacts of cultural engagement and sport participation. This work gives us new evidence of the link between our policies and the social impacts of engagement in both sport and culture…
The aims of the analysis presented within this report were to:
- Identify the impacts of culture and sport engagement on individuals’ wellbeing.
- Estimate monetary values for those wellbeing impacts using the Wellbeing Valuation approach.” (p.6)
Arts engagement was found to be associated with higher wellbeing. This is valued at £1,084 per person per year, or £90 per person per month.
A significant association was also found between frequent library use and reported wellbeing. Using libraries frequently was valued at £1,359 per person per year for library users, or £113 per person per month.
Sport participation was also found to be associated with higher wellbeing. This increase is valued at £1,127 per person per year, or £94 per person per month.” (p.9)