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The declining talent pool of government

Dewan, Torun and Myatt, David P. (2010) The declining talent pool of government. American Journal of Political Science, 54 (2). pp. 267-286. ISSN 1540-5907

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Abstract

We consider a government for which success requires high performance by talented ministers. A leader provides incentives to her ministers by firing those who fail. However, the consequent turnover drains a finite talent pool of potential appointees. The severity of the optimal firing rule and ministerial performances decline over time: the lifetime of an effective government is limited. We relate this lifetime to various factors, including external shocks, the replenishment of the talent pool, and the leader's reputation. Some results are surprising: an increase in the stability of government and the exogenous imposition of stricter performance standards can both shorten the era of effective government, and an increase in the replenishment of the talent pool can reduce incumbent ministers' performance.

Item Type: Article
Official URL: http://www.wiley.com/bw/journal.asp?ref=0092-5853
Additional Information: © 2010 American Journal of Political Science
Library of Congress subject classification: J Political Science > JA Political science (General)
Sets: Departments > Government
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: UT ISI:000276944400001
Date Deposited: 31 Mar 2010 14:23
URL: http://eprints.lse.ac.uk/27540/

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