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Private Returns to Public Office / Raymond Fisman, Florian Schulz, Vikrant Vig.
- Format:
- Book
- Author/Creator:
- Fisman, Raymond.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18095.
- NBER working paper series no. w18095
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- We study the wealth accumulation of Indian parliamentarians using public disclosures required of all candidates since 2003. Annual asset growth of winners is on average 3 to 6 percentage points higher than runners-up. By performing a within-constituency comparison where both runner-up and winner run in consecutive elections, and by looking at the subsample of very close elections, we rule out a range of alternative explanations for differential earnings of politicians and a relevant control group. The ``winner's premium" comes from parliamentarians holding positions in the Council of Ministers, with asset returns 13 to 29 percentage points higher than non-winners. The benefit of winning is also concentrated among incumbents, because of low asset growth for incumbent non-winners.
- Notes:
- Print version record
- May 2012.
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