Political Careers or Career Politicians?

30 Pages Posted: 19 May 2008

See all articles by Andrea Mattozzi

Andrea Mattozzi

European University Institute - Economics Department (ECO)

Antonio Merlo

University of Pennsylvania - Department of Economics; Rice University

Multiple version iconThere are 3 versions of this paper

Date Written: March 2007

Abstract

Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private sector). In this paper, we propose a dynamic equilibrium model of the careers of politicians in an environment with a private sector and a political sector, where individuals are heterogeneous with respect to their market ability and political skills. Our analysis provides an explanation for the existence of career politicians and individuals with political careers, and their motivations. We also investigate the effects of monetary incentives and other features of the political-economic environment on the quality of politicians and their careers. We show that an increase in the salary a politician receives while in office decreases the average quality of individuals who become politicians, decreases turnover in office, and may either decrease or increase the average quality of career politicians.

Keywords: Career politicians, political careers

JEL Classification: D72, J44, J45

Suggested Citation

Mattozzi, Andrea and Merlo, Antonio M., Political Careers or Career Politicians? (March 2007). CEPR Discussion Paper No. DP6164. Available at SSRN: https://ssrn.com/abstract=1133808

Andrea Mattozzi (Contact Author)

European University Institute - Economics Department (ECO) ( email )

Villa San Paolo
Via della Piazzuola 43
50133 Florence
Italy

Antonio M. Merlo

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-7933 (Phone)
215-573-2057 (Fax)

HOME PAGE: http://www.ssc.upenn.edu/~merloa

Rice University ( email )

6100 South Main Street
Houston, TX 77005-1892
United States

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