Business as usual: Politicians with business experience, government budgets, and policy outcomes
Brian Beach () and
Daniel Jones ()
No 169, Working Papers from Department of Economics, College of William and Mary
Are budget and policy outcomes different under politicians with business experience? We study California city councils and implement a regression discontinuity strategy to provide causal evidence on this issue. Ultimately, we find no evidence that the election of a candidate with business experience has an impact on city expenditures, revenues, debt ratios, unemployment rates, and other outcomes. Future vote shares for candidates with business experience are also unaffected, which suggests that businesspersons are not having an impact that is observed to voters but unobserved in our data. We find weak evidence that the election of a businessperson may lead to lower borrowing costs.
JEL-codes: E (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-pr~ and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cwm:wpaper:169
Access Statistics for this paper
More papers in Working Papers from Department of Economics, College of William and Mary Contact information at EDIRC.
Bibliographic data for series maintained by Daifeng He (). This e-mail address is bad, please contact .