Publication type
Journal Article
Authors
Publication date
September 15, 2013
Summary:
Using a unique dataset of German members of parliament (MPs), this paper analyzes the politicians' wage gap (PWG). After controlling for observable characteristics as well as accounting for election probabilities and campaigning costs, we find a positive income premium for MPs which is statistically and economically significant. Our results are consistent with the citizen candidate model, with a PWG of 35%-65% when comparing MPs to citizens occupying executive positions. However, it shrinks to zero when restricting the control group to top level executives.
Published in
Public Choice
Volume and page numbers
Volume: 156 , p.653 -676
DOI
http://dx.doi.org/10.1007/s11127-012-9921-4
ISSN
485829
Subjects
Notes
Online in Albert Sloman Library, except current 12 months
#521843