Labor Supply of Politicians
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Labor Supply of Politicians. / Fisman, Raymond; Harmon, Nikolaj Arpe; Kamenica, Emir; Munk, Inger .
National Bureau of Economic Research, 2012.Research output: Working paper › Research
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TY - UNPB
T1 - Labor Supply of Politicians
AU - Fisman, Raymond
AU - Harmon, Nikolaj Arpe
AU - Kamenica, Emir
AU - Munk, Inger
N1 - JEL classification: D72, D73
PY - 2012/1
Y1 - 2012/1
N2 - Using data on Members of the European Parliament (MEPs), we examine the impact of salaries on the composition and the behavior of legislators. Employing a differences-in-differences approach, we exploit the introduction of a law that equalized MEPs’ salaries which had previously differed by as much as a factor of ten. Increasing salaries raises the fraction of MEPs who runfor reelection but decreases the quality of elected MEPs (proxied by college quality.) Salary has no discernible impact on effort or legislative output. Higher salaries induce more political competition.
AB - Using data on Members of the European Parliament (MEPs), we examine the impact of salaries on the composition and the behavior of legislators. Employing a differences-in-differences approach, we exploit the introduction of a law that equalized MEPs’ salaries which had previously differed by as much as a factor of ten. Increasing salaries raises the fraction of MEPs who runfor reelection but decreases the quality of elected MEPs (proxied by college quality.) Salary has no discernible impact on effort or legislative output. Higher salaries induce more political competition.
M3 - Working paper
BT - Labor Supply of Politicians
PB - National Bureau of Economic Research
ER -
ID: 50621686