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Revolving door lobbyists

Blanes i Vidal, Jordi, Draca, Mirko and Fons-Rosen, Christian (2010) Revolving door lobbyists. CEP Discussion Papers, CEPDP0993. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

Washington's 'revolving door' - the movement from government service into the lobbying industry - is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections acquired during their public service. Lobbyists with experience in the office of a US Senator suffer a 24% drop in generated revenue when that Senator leaves office. The effect is immediate, discontinuous around the exit period and long-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority of and committee assignments power held by the exiting politician.

Item Type: Monograph (Working Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2010 The Authors
Library of Congress subject classification: J Political Science > JA Political science (General)
J Political Science > JK Political institutions (United States)
Journal of Economic Literature Classification System: H - Public Economics > H1 - Structure and Scope of Government > H11 - Structure, Scope, and Performance of Government
J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
J - Labor and Demographic Economics > J4 - Particular Labor Markets > J45 - Public Sector Labor Markets
Sets: Research centres and groups > Managerial Economics and Strategy Group
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: CEPDP0993
Date Deposited: 21 Jan 2011 17:07
URL: http://eprints.lse.ac.uk/31546/

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