The Personal Wealth Interests of Politicians and Government Intervention in the Economy

Ahmed Tahoun and Laurence van Lent

Review of Finance, 2019, vol. 23, issue 1, 37-74

Abstract: We examine whether there is a correlation between personal wealth interests of politicians and their decisions to intervene in the economy. We use the setting of the government’s support of financial institutions under the 2008 Emergency Economic Stabilization Act. We find that the personal wealth interests of politicians are positively associated with voting in favor of the EESA.

Keywords: Financial crisis; Politicians; Personal wealth; Voting in US Congress (search for similar items in EconPapers)
JEL-codes: D72 G11 G21 G22 G38 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (10)

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