B1 Non-refereed article in a scientific journal
Returns to Office in National and Local Politics
Authors: Kaisa Kotakorpi, Panu Poutvaara, Marko Terviö
Publisher: CESifo Group Munich
Publication year: 2013
Journal: CESifo Working Papers
Article number: 4542
DOI: https://doi.org/http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2378294
Abstract
We study the returns to political office using data from Finnish parliamentary elections in
1970-2007 and municipal elections in 1996-2008. The discontinuity of electoral outcomes in
individual candidate votes allows us to estimate the causal effect of being elected on
subsequent income. Getting elected to parliament increases annual earnings initially by about
€20,000, but most of this effect fades out over time. Getting elected to a municipal council
has a positive effect of about €1,000 on subsequent annual earnings.
We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal effect of being elected on subsequent income. Getting elected to parliament increases annual earnings initially by about €20,000, but most of this effect fades out over time. Getting elected to a municipal council has a positive effect of about €1,000 on subsequent annual earnings.
We study the returns to political office using data from Finnish parliamentary elections in
1970-2007 and municipal elections in 1996-2008. The discontinuity of electoral outcomes in
individual candidate votes allows us to estimate the causal effect of being elected on
subsequent income. Getting elected to parliament increases annual earnings initially by about
€20,000, but most of this effect fades out over time. Getting elected to a municipal council
has a positive effect of about €1,000 on subsequent annual earnings.
We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal effect of being elected on subsequent income. Getting elected to parliament increases annual earnings initially by about €20,000, but most of this effect fades out over time. Getting elected to a municipal council has a positive effect of about €1,000 on subsequent annual earnings.
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