TY  - RPRT
        AU  - Becker, Johannes
AU  - Peichl, Andreas
AU  - Rincke, Johannes
        TI  - Politicians' Outside Earnings and Political Competition
        PY  - 2008/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3902
        UR  - https://www.iza.org/publications/dp3902
        AB  - This paper deals with the impact of electoral competition on politicians' outside earnings. In our framework, politicians face a tradeoff between allocating their time to political effort or to an alternative use generating outside earnings. The main hypothesis is that the amount of time spent on outside work is negatively related to the degree of electoral competition. We test this hypothesis using a new dataset on outside earnings of members of the German federal assembly. Taking into account the potential endogeneity of measures of political competition that depend on past election outcomes, we find that politicians facing low competition have substantially higher outside earnings.
        KW  - outside earnings
KW  - political competition
KW  - political rents
        ER  -