2012
DOI: 10.3386/w18095
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Private Returns to Public Office

Abstract: We would like to thank Patrick Bolton, Ben Olken and seminar participants at the LSE-UCL development workshop, Columbia and Warwick University. In addition, Vikrant Vig would like to thank the RAMD research grant at the London Business School for their generous support. Kyle Matoba and Jane Zhao provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for d… Show more

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Cited by 64 publications
(115 citation statements)
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References 18 publications
(24 reference statements)
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“…An alternative explanation within our model framework, which is supported by anecdotal evidence, is that part of an MP's utility can come from rent extraction (cf. Fisman et al, 2014 andKapur andVaishnav, 2011). If more developed constituencies oer better rent-seeking opportunities for criminal MPs, this increases their utility from re-election, and can also narrow the eort gap between criminal and non-criminal types as criminal types strive to maintain access to this resource.…”
Section: Parliamentary Work 5 Resultsmentioning
confidence: 99%
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“…An alternative explanation within our model framework, which is supported by anecdotal evidence, is that part of an MP's utility can come from rent extraction (cf. Fisman et al, 2014 andKapur andVaishnav, 2011). If more developed constituencies oer better rent-seeking opportunities for criminal MPs, this increases their utility from re-election, and can also narrow the eort gap between criminal and non-criminal types as criminal types strive to maintain access to this resource.…”
Section: Parliamentary Work 5 Resultsmentioning
confidence: 99%
“…Second, it has been widely used in the literature, for example in Gagliarducci et al (2010Gagliarducci et al ( , 2011 and Besley and Larcinese (2011). Mocan and Altindag (2013) and Fisman et al (2014) use it as their main measure of eort in studies on MPs in the European parliament. To avoid confusion, note that some papers use the absenteeism rate instead, which is of course simply the inverse of our measure.…”
Section: Dependent Variables: I) Attendance Rates and Parliamentary Amentioning
confidence: 99%
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“…The average declared wealth of re-contesting candidates (for elections to the Parliament and state legislative assemblies) in 2004 was 134 percent higher than their wealth during the first election (Sastry (2014)) suggesting high political rents and significant corruption. Fisman et al (2014) show that the annual asset growth of winners in state elections is 3-5 p.p. higher than that of runners-up.…”
Section: Introductionmentioning
confidence: 99%
“…Political cycles may be influenced by term limits (Klein andSakurai 2015, Dalle Nogare and and globalization (Efthyvoulou 2011). 4 A political office may also give rise to private returns (Eggers and Hainmueller 2009, Querubin and Snyder 2013, Fisman et al 2014, Kotakorpi et al 2015. When politicians earn these private returns during an official political term, returns may influence parliamentary effort (Gagliarducci et al 2010, Arnold et al 2014, Geys andMause in press).…”
Section: Introductionmentioning
confidence: 99%