Abstract
The theory of rational utility-maximizing agents suggests that politicians should alter their voting patterns when the reelection constraint is removed. However, the previous empirical work on this issue has not shown such a relationship. This article tests the hypothesis that the decision to retire results in systematic changes in political voting behavior (or “political shirking”). The author uses a multiyearpanel data set with more observations than many prior studies, a more precise measure of political shirking, and a different measure of retirement than previous work Least squares estimation yields significant coefficient estimates and substantial evidence that the retirement decision results in political shirking.
Original language | English (US) |
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Pages (from-to) | 226-241 |
Number of pages | 16 |
Journal | Public Finance Review |
Volume | 23 |
Issue number | 2 |
DOIs | |
State | Published - Apr 1995 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
- Public Administration