Money, Political Ambition, and the Career Decisions of Politicians
研究了美国国会议员的职业决策受工资、非金钱回报和职业前景等政策影响的程度,发现不同议员(如技能型、民主党、年轻议员)对政策反应差异显著。
We assess the impact of a variety of policies that may influence the career decisions of members of the US Congress. These policies alter incentives to run for re-election, run for higher office or leave Congress, by altering wages, non-pecuniary rewards and career prospects (both in and out of Congress). We find that the effect of most policies varies considerably across different types of politicians. For example, a reduction in the congressional wage would disproportionately induce exit from Congress by “skilled” politicians, Democrats, and politicians who were relatively young when first elected, but not by politicians who most value legislative accomplishments (“achievers”).