House Members as Residual Claimants: Campaign Spending in the 1980s

Thomas L Wyrick

Public Choice, 1994, vol. 79, issue 1-2, 135-47

Abstract: Through 1992, federal election campaign laws and House rules permit U.S. Representatives holding office on 8 January 1980 to personally claim unspent campaign contributions when they retire, while other House members have to forfeit such sums. These rules provide differential incentives to pre-1980 members to more aggressively seek and yet refrain from spending political contributions than other House members. Regression estimates suggest that the privilege was worth almost $71,700 to the typical pre-1980 House member during the 1987-88 election cycle. Copyright 1994 by Kluwer Academic Publishers

Date: 1994
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