The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.
Paying Politicians: Theory and Evidence
Abstract
Abstract This paper looks at the theory behind the idea that paying politicians better will improve their performance. The paper lays out a political agency model with adverse selection and moral hazard where politicians are subject to two-period term limits. This model provides a number of predictions about how the pay of politicians affects agency problems. We also consider what happens when the pool of politicians is endogenous. The main ideas in the model are confronted with data on U.S. governors.
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Cites
Multitask principal – agent analyses: Incentive contracts, asset ownership, and job design
Holmstrom, B., & Milgrom, P. (1991) · The Journal of Law, Economics, and Organization · doi:10.1093/jleo/7.special_issue.24 · Cited by 6,046
Managerial Incentive Problems: A Dynamic Perspective
Holmstrom, B. (1999) · Review of Economic Studies · doi:10.1111/1467-937x.00083 · Cited by 3,172
Incumbent performance and electoral control
Ferejohn, J. (1986) · Public Choice · doi:10.1007/bf00124924 · Cited by 2,161
Not just for the money: an economic theory of personal motivation
(1997) · Choice Reviews Online · doi:10.5860/choice.35-1009 · Cited by 1,955
Equilibrium Political Budget Cycles
Rogoff, K. (1987) · National Bureau of Economic Research · doi:10.3386/w2428 · Cited by 1,877
Law Enforcement, Malfeasance, and Compensation of Enforcers
Becker, G. S., & Stigler, G. J. (1974) · The Journal of Legal Studies · doi:10.1086/467507 · Cited by 1,843
An Economic Model of Representative Democracy
Besley, T., & Coate, S. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555136 · Cited by 1,649
Self-citationMeasuring Citizen and Government Ideology in the American States, 1960-93
Berry, W. D., Ringquist, E. J., Fording, R. C., & Hanson, R. L. (1998) · American Journal of Political Science · doi:10.2307/2991759 · Cited by 1,592
The control of politicians: An economic model
Barro, R. J. (1973) · Public Choice · doi:10.1007/bf01718440 · Cited by 1,553
Competition and Incentives with Motivated Agents
Besley, T., & Ghatak, M. (2005) · American Economic Review · doi:10.1257/0002828054201413 · Cited by 1,389
Self-citation
Cited by
A “Selection Model” of Political Representation*
Mansbridge, J. (2009) · Journal of Political Philosophy · doi:10.1111/j.1467-9760.2009.00337.x · Cited by 563
A Political Economy Model of Congressional Careers
Diermeier, D., Keane, M., & Merlo, A. (2005) · American Economic Review · doi:10.1257/0002828053828464 · Cited by 452
Management of Bureaucrats and Public Service Delivery: Evidence from the Nigerian Civil Service
Rasul, I., & Rogger, D. (2018) · The Economic Journal · doi:10.1111/ecoj.12418 · Cited by 441
DO BETTER PAID POLITICIANS PERFORM BETTER? DISENTANGLING INCENTIVES FROM SELECTION
Gagliarducci, S., & Nannicini, T. (2013) · Journal of the European Economic Association · doi:10.1111/jeea.12002 · Cited by 357
Motivating Politicians: The Impacts of Monetary Incentives on Quality and Performance
Ferraz, C., & Finan, F. (2009) · National Bureau of Economic Research · doi:10.3386/w14906 · Cited by 290
Metadata
- Authors
- Besley, T.
- Venue
- Journal of the European Economic Association
- Publisher
- Oxford University Press (OUP)
- Published
- 2004-05-01
- Volume
- 2
- Issue
- 2-3
- Pages
- 193-215
- ISSN
- 1542-4766 (ISSN-L)
- 1542-4774
- OpenAlex
- W1553761632
- Cited by
- 290
- References
- 33
- FWCI
- 16.59
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.