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- Title
Last-period problems in legislatures.
- Authors
Parker, Glenn; Dabros, Matthew
- Abstract
Last-period problems seemingly arise in legislatures when members decide to retire from office; they then can indulge themselves without fear of electoral reprisal. In contrast, we argue that last-period indolence is rarely a problem in legislatures: retiring politicians embrace legislative responsibilities since this is their last opportunity to consume these prerogatives; and the actions of legislators seeking post-elective employment are policed by the stream of future earnings they jeopardize if their actions exhibit indications of looming principal-agent problems. Using a unique data set profiling the post-elective careers of ex-legislators, we find no evidence of last-period laxity in roll-call attendance.
- Subjects
POLITICIANS; LEGISLATIVE bodies; POLITICAL accountability; POST-retirement employment; RESPONSIBILITY; VOTING; EMPLOYMENT
- Publication
Public Choice, 2012, Vol 151, Issue 3/4, p789
- ISSN
0048-5829
- Publication type
Article
- DOI
10.1007/s11127-011-9770-6