In most modern democracies elected officials can work in the private sector while appointed in parliament. We show that when the political and market sectors are not mutually exclusive, a trade-off arises between the quality of elected officials and the effort they exert in political life. If...

Theory predicts that the majoritarian electoral system should produce more targeted redistribution and lower politicians' rents than proportional representation. We test these predictions using micro data for the mixed-member Italian House of Representatives, which allow us to sidestep the...

In most modern democracies elected officials can work in the private sector while appointed in parliament. We show that when the political and market sectors are not mutually exclusive, a trade-off arises between the quality of elected officials and the effort they exert in political life. If...

Theory predicts that the majoritarian electoral system should produce more targeted redistribution and lower politicians' rents than proportional representation. We test these predictions using micro data for the mixed-member Italian House of Representatives, which allow us to sidestep the...

Theory provides many explanations about the influence of electoral rules on politicians’ equilibrium behavior. With a few exceptions, all models agree that majoritarian elections are associated with more targeted redistribution and lower politicians’ rents than proportional representation....