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SubmittedOpen Access (License Unspecified), Open
Journal article
Money, Political Ambition, and the Career Decisions of Politicians
American economic journal. Microeconomics, v 2(3), pp 186-215
01 Aug 2010
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We assess the impact of a variety of policies that may influence the career decisions of members of the US Congress. These policies alter incentives to run for re-election, run for higher office or leave Congress, by altering wages, non-pecuniary rewards and career prospects (both in and out of Congress). We find that the effect of most policies varies considerably across different types of politicians. For example, a reduction in the congressional wage would disproportionately induce exit from Congress by "skilled" politicians, Democrats, and politicians who were relatively young when first elected, but not by politicians who most value legislative accomplishments ("achievers").
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Details
- Title
- Money, Political Ambition, and the Career Decisions of Politicians
- Creators
- Michael P. Keane - Arizona State UniversityAntonio Merlo - Arizona State University
- Publication Details
- American economic journal. Microeconomics, v 2(3), pp 186-215
- Publisher
- Amer Economic Assoc
- Number of pages
- 30
- Resource Type
- Journal article
- Language
- English
- Web of Science ID
- WOS:000285179200007
- Scopus ID
- 2-s2.0-85017115348
- Other Identifier
- 991022026961604721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics