Showing 1 - 10 of 127
Why do elected officials often suffer from political paralysis and fail to implement the best policies available? This paper considers a new yet intuitive explanation that focuses on the quality of the politicians competing to replace the incumbent. The key insight is that a `good' incumbent...
Persistent link: https://www.econbiz.de/10014204625
Why do elected officials often suffer from political paralysis and fail to implement the best policies available? This paper considers a new yet intuitive explanation that focuses on the quality of the politicians competing to replace the incumbent. The key insight is that a 'good' incumbent...
Persistent link: https://www.econbiz.de/10013148227
The absence of the deselection threat in incumbents’ last term in office can be negative or positive for society. Some politicians may reduce their efforts, while others may pursue beneficial long-term policies that may be unpopular in the short term. We propose a novel pension system that...
Persistent link: https://www.econbiz.de/10011753222
The absence of the deselection threat in incumbents’ last term in office can be negative or positive for society. Some politicians may reduce their efforts, while others may pursue beneficial long-term policies that may be unpopular in the short term. We propose a novel pension system that...
Persistent link: https://www.econbiz.de/10009552904
Policies are typically chosen by politicians and bureaucrats. This paper investigates the criteria that should lead a society to allocate policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians are preferable for tasks that do not involve too much specific...
Persistent link: https://www.econbiz.de/10014081460
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly exogenous declines in...
Persistent link: https://www.econbiz.de/10013245217
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly-exogenous declines in...
Persistent link: https://www.econbiz.de/10012852380
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly-exogenous declines in...
Persistent link: https://www.econbiz.de/10012834757
The paper argues that for political reasons elected politicians are more likely to be engaged in targeted redistribution than appointed bureaucrats. It uses the example of patronage jobs in the U.S. local governments to provide empirical support for this claim. It shows that the number of public...
Persistent link: https://www.econbiz.de/10014054544
Persistent link: https://www.econbiz.de/10011655250