The private returns to public office

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

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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.

Item Type: Article
Additional Information: © 2014 University of Chicago
Subjects: I > India
A > Assets
D > Distribution of wealth
Subject Areas: Finance
DOI: 10.1086/676334
Date Deposited: 13 Dec 2016 14:56
Last Modified: 08 Sep 2017 15:51

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