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The Effect of Retirement On Political Shirking: Evidence From Congressional Voting

The Effect of Retirement On Political Shirking: Evidence From Congressional Voting The theory of rational utility-maximizing agents suggests that politicians shouldalter their voting patterns when the reelection constraint is removed. However, theprevious empirical work on this issue has not shown such a relationship. This articletests the hypothesis that the decision to retire results in systematic changes inpolitical voting behavior (or "political shirking "). The author uses a multiyearpaneldata set with more observations than many prior studies, a more precise measure ofpolitical shirking, and a different measure of retirement than previous work Leastsquares estimation yields significant coefficient estimates and substantial evidence that the retirement decision results in political shirking. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Public Finance Quarterly SAGE

The Effect of Retirement On Political Shirking: Evidence From Congressional Voting

Public Finance Quarterly , Volume 23 (2): 16 – Apr 1, 1995

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References (10)

Publisher
SAGE
Copyright
Copyright © by SAGE Publications
ISSN
0048-5853
DOI
10.1177/109114219502300206
Publisher site
See Article on Publisher Site

Abstract

The theory of rational utility-maximizing agents suggests that politicians shouldalter their voting patterns when the reelection constraint is removed. However, theprevious empirical work on this issue has not shown such a relationship. This articletests the hypothesis that the decision to retire results in systematic changes inpolitical voting behavior (or "political shirking "). The author uses a multiyearpaneldata set with more observations than many prior studies, a more precise measure ofpolitical shirking, and a different measure of retirement than previous work Leastsquares estimation yields significant coefficient estimates and substantial evidence that the retirement decision results in political shirking.

Journal

Public Finance QuarterlySAGE

Published: Apr 1, 1995

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