Gagliarducci, Stefano; Nannicini, Tommaso; Naticchioni, … - Departamento de Economía, Universidad Carlos III de Madrid - 2007
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...