Showing 1 - 10 of 58
public office determines the overall quality of politicians. Women suffer from gender discrimination in the labor market and …
Persistent link: https://www.econbiz.de/10008554239
shocks. When we endogenize the quality of local politicians, we establish a positive link between the development of the … that voters are (rationally) discontent about it. Also, preferences of voters and the politicians about centralization can …
Persistent link: https://www.econbiz.de/10008468714
In this paper we combine a non-cooperative decision-making game in a federal structure with two levels of interest and an incomplete contract which sets the rules of the game. The question we pose is how to combine ex ante efficiency of the design with ex post efficiency of the outcomes in the...
Persistent link: https://www.econbiz.de/10005123705
We analyze political selection in a closed list proportional system where parties have strong gate-keeping power, which they use as an instrument to pursue votes. Parties face a trade-off between selecting loyal candidates or experts, who are highly valued by the voters and thus increase the...
Persistent link: https://www.econbiz.de/10011213305
-ideological voters, who care about national and local policies, strongly prefer experts. We show that parties compete on good politicians … prediction. We find that politicians with higher ex-ante quality - as measured by years of schooling, previous market income, and …, the characteristics of politicians belonging to opposite parties converge to high-quality levels in close races …
Persistent link: https://www.econbiz.de/10005061479
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with …
Persistent link: https://www.econbiz.de/10008468543
Convergence concerns poor economies catching up with rich ones. At issue is what happens to the cross-sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to convergence...
Persistent link: https://www.econbiz.de/10005497811
In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We … analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters … neglect the correlation in their information sources. Our main result shows that such polarization in opinions does not …
Persistent link: https://www.econbiz.de/10011165657
institutes, the extent to which intellectual competition between different schools of thought may lead to polarization of views …
Persistent link: https://www.econbiz.de/10011084158
This paper reinterprets a simple model of growth and fluctuations across many economies to allow for the explicit characterization of the dynamically-evolving cross-economy distribution of income. Such a framework provides a more natural, revealing study of the convergence hypothesis. The data...
Persistent link: https://www.econbiz.de/10005661869