We study the wealth accumulation of Indian state politicians using public disclosures required of all candidates. The annual asset growth of winners is 3-5 percent higher than that of runners-up, a difference that holds also in a set of close elections. The relative asset growth of winners is greater in more corrupt states and for those holding ministerial positions. These results are consistent with a rent-seeking explanation for the relatively high rate of growth in winners' assets.
|Original language||English (US)|
|Number of pages||57|
|Journal||Journal of Political Economy|
|State||Published - Aug 2014|
ASJC Scopus subject areas
- Economics and Econometrics