Files and links (1)
Published, Version of Record (VoR)Open Access (License Unspecified), Open
Journal article
Political careers or career politicians?
Journal of public economics, v 92(3), pp 597-608
01 Apr 2008
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Two main career paths are prevalent among politicians in modern democracies: there are
career politicians (i.e., politicians who work in the political sector until retirement), and
political careers (i.e., there are politicians who leave politics before retirement and work in the private sector). In this paper, we propose a dynamic equilibrium model of the careers of politicians in an environment with a private sector and a political sector, where individuals are heterogeneous with respect to their market ability and political skills. Our analysis provides an explanation for the existence of career politicians and individuals with political careers, and their motivations. We also investigate the effects of monetary incentives and other features of the political–economic environment on the quality of politicians and their careers. We show that an increase in the salary a politician receives while in office decreases the average quality of individuals who become politicians, decreases turnover in office, and may either decrease or increase the average quality of career politicians.
Metrics
Details
- Title
- Political careers or career politicians?
- Creators
- Andrea Mattozzi - California Institute of TechnologyAntonio Merlo - Center for Economic and Policy Research
- Publication Details
- Journal of public economics, v 92(3), pp 597-608
- Publisher
- Elsevier
- Number of pages
- 12
- Resource Type
- Journal article
- Language
- English
- Web of Science ID
- WOS:000254397600012
- Scopus ID
- 2-s2.0-39149114728
- Other Identifier
- 991022026961204721
UN Sustainable Development Goals (SDGs)
This publication has contributed to the advancement of the following goals:
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics