Returns to Office in National and Local Politics

Panu Poutvaara, Terviö, Marko and Kaisa Kotakorpi

No 10293, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We apply a regression discontinuity design to estimate the returns to being elected to parliament or to a municipal council. We present a bootstrap approach for measuring electoral closeness in any electoral system, and apply it to the Finnish proportional open list system. Getting elected to parliament increases annual earnings initially by about ?20,000. The time profile of the earnings effect suggests that the returns accrue mainly during the time in office, while the effect on subsequent earnings is small. Getting elected to a municipal council increases subsequent annual earnings by about ?1,000.

Keywords: Political careers; Regression discontinuity; Returns to office (search for similar items in EconPapers)
JEL-codes: D72 J45 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-cdm and nep-pol
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Related works:
Working Paper: Returns to Office in National and Local Politics (2016)
Working Paper: Returns to Office in National and Local Politics (2013)
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