Congress). We find that reducing the relative wage of politicians would substantially reduce the duration of congressional … careers. Notably, however, the effect varies considerably across different types of politicians. A reduction in the … congressional wage would disproportionately induce exit from Congress by “skilled” politicians, Democrats, politicians who were …

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 … careers of politicians in a political economy with a private sector and a political sector, where individuals are …

only mediocre politicians, in spite of the fact that they could select better individuals. Furthermore, we show that this …

that contains detailed information on all the politicians who have been elected to the Italian Parliament between 1948 and … compare the profiles of Italian legislators to those of the members of the United States Congress. We then use our data to … address a number of questions that pertain to the selection of Italian politicians, their labor market, and their overall …

Congress). We find that reducing the relative wage of politicians would substantially reduce the duration of congressional … careers. Notably, however, the effect varies considerably across different types of politicians. A reduction in the … congressional wage would disproportionately induce exit from Congress by “skilled” politicians, Democrats, and politicians who were …

only mediocre politicians, in spite of the fact that they could afford to recruit better individuals. Furthermore, we show …

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 … careers of politicians in an environment with a private sector and a political sector, where individuals are heterogeneous …

” (Diermeier, Keane and Merlo (2004)), as well as the computational methods we use to solve and estimate the model, and the …

In this paper, we analyze the relationship between the transparency of politics and the quality of politicians in a … quality of the politicians a party recruits in equilibrium …

Theories in political economy depend critically on assumptions about motivations of politicians. Our analysis starts … from the premise that politicians, like other economic agents, are rational individuals who make career decisions by … quantify the value of a congressional seat. Moreover, we use the estimated model to assess how an increase in the congressional …