Labor Supply of Politicians
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Labor Supply of Politicians. / Fisman, Raymond; Harmon, Nikolaj Arpe; Kamenica, Emir; Munk, Inger.
I: Journal of the European Economic Association, Bind 13, Nr. 5, 10.2015, s. 871-905.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Labor Supply of Politicians
AU - Fisman, Raymond
AU - Harmon, Nikolaj Arpe
AU - Kamenica, Emir
AU - Munk, Inger
N1 - Jel Classification: D72;D73
PY - 2015/10
Y1 - 2015/10
N2 - Using data on Members of the European Parliament (MEPs), we examine the impact of salaries on the composition and the behavior of legislators. Employing a differences-in-differences approach, we exploit the introduction of a law that equalized MEPs’ salaries which had previously differed by as much as a factor of ten. Increasing salaries raises the fraction of MEPs who run for reelection but decreases the quality of elected MEPs (proxied by college quality). Salary has no discernible impact on effort or legislative output. Higher salaries induce more political competition.
AB - Using data on Members of the European Parliament (MEPs), we examine the impact of salaries on the composition and the behavior of legislators. Employing a differences-in-differences approach, we exploit the introduction of a law that equalized MEPs’ salaries which had previously differed by as much as a factor of ten. Increasing salaries raises the fraction of MEPs who run for reelection but decreases the quality of elected MEPs (proxied by college quality). Salary has no discernible impact on effort or legislative output. Higher salaries induce more political competition.
U2 - 10.1111/jeea.12141
DO - 10.1111/jeea.12141
M3 - Journal article
VL - 13
SP - 871
EP - 905
JO - Journal of the European Economic Association
JF - Journal of the European Economic Association
SN - 1542-4774
IS - 5
ER -
ID: 129709095