Lucca, David; Seru, Amit; Trebbi, Francesco - In: Journal of Monetary Economics 65 (2014) C, pp. 17-32
revolving door. We find strong countercyclical net worker flows into regulatory jobs, driven largely by higher gross outflows … inconsistent with a “quid-pro-quo” explanation of the revolving door, but consistent with a “regulatory schooling” hypothesis. …