This paper deals with the impact of electoral competition on politicians' outside earnings. In our framework …, politicians face a tradeoff between allocating their time to political effort or to an alternative use generating outside earnings … that politicians facing low competition have substantially higher outside earnings. -- Political competition ; outside …

This paper deals with the impact of electoral competition on politicians' outside earnings. We propose a simple … theoretical model with politicians facing a tradeoff between allocating their time to political effort or to an alternative use … that depend on past election outcomes, we find that politicians facing low competition have substantially higher outside …