The private returns to public office

Fisman, R J, Schulz, F and Vig, V (2014) The private returns to public office. Journal of Political Economy, 122 (4). pp. 806-862. ISSN 0022-3808

Abstract

We study the wealth accumulation of Indian state politicians using public disclosures required of all candidates. The annual asset growth of winners is 3–5 percent higher than that of runners-up, a difference that holds also in a set of close elections. The relative asset growth of winners is greater in more corrupt states and for those holding ministerial positions. These results are consistent with a rent-seeking explanation for the relatively high rate of growth in winners’ assets.

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Item Type: Article
Subject Areas: Finance
Additional Information: © 2014 University of Chicago
Subjects: I > India
A > Assets
D > Distribution of wealth
Date Deposited: 13 Dec 2016 14:56
Last Modified: 18 Jul 2018 16:04
URI: http://lbsresearch.london.edu/id/eprint/755
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