The Effect of Retirement On Political Shirking: Evidence From Congressional Voting

David Figlio

Public Finance Review, 1995, vol. 23, issue 2, 226-241

Abstract: The theory of rational utility-maximizing agents suggests that politicians should alter their voting patterns when the reelection constraint is removed. However, the previous empirical work on this issue has not shown such a relationship. This article tests the hypothesis that the decision to retire results in systematic changes in political voting behavior (or "political shirking "). The author uses a multiyearpanel data set with more observations than many prior studies, a more precise measure of political shirking, and a different measure of retirement than previous work Least squares estimation yields significant coefficient estimates and substantial evidence that the retirement decision results in political shirking.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:23:y:1995:i:2:p:226-241

DOI: 10.1177/109114219502300206

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