Di Tella, Rafael; Fisman, Raymond - In: Journal of Law and Economics 47 (2004) 2, pp. 477-513
We provide the first empirical analysis of gubernatorial pay. Using U.S. data for 1950-90, we document substantial variation in the wages of politicians, both across states and over time. Gubernatorial wages respond to changes in state income per capita and taxes. We estimate that governors...