Measuring the Effects of Post-Government Employment Restrictions
Posted: 20 Sep 2001
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Measuring the Effects of Post-Government-Employment Restrictions
Abstract
The "revolving door" problem linking private interests and government decision-makers has become an important mechanism in the implementation of influence peddling. The revolving door problem is premised on the assumption that there is a market for the services of ex-government employees. However, no attempt has been made to provide a measure of the value of these services, nor to evaluate the effect of regulations intended to curb this practice. This paper attempts to fill this gap by utilizing an event-study methodology to measure the effect of gaining "access" to government under alternative regulations.
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