We study how politicians' compensation affects the real economy. Specifically, we investigate the effect of legislators … highlights the potential adverse effects on the private sector of lowering politicians' salaries …

Demokratien bestimmen die Bürger*innen nicht direkt die Politik. Sie wählen Politiker, die als unvollkommene Repräsentanten des … BIP-Wachstum, die Handelsbilanz und die Staatsfinanzen. In Kapitel 2 wird dargestellt, wie Politiker ihre Steuerpolitik. …

We empirically investigate whether the persistence of politicians in political institutions affects the innovation …' innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians …-term connections with politicians. …

-checking company. Our results show that politicians are responsive to negative fact-checking. Specifically, we observe a significative … reduction in the number of incorrect statements made by politicians after being treated. This effect persists for at least two … months. We also observe a reduction in the probability of politicians making verifiable statements, suggesting that fact …