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Old and young politicians

Author: Alberto Alesina; Ugo Troiano; Traviss Cassidy; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2015.
Series: Working paper series (National Bureau of Economic Research), no. 20977.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
We evaluate the effect of a politician's age on political governance, reelection rates,and policies using data on Italian local governments. Our results suggest that younger politicians are more likely to behave strategically in response to election incentives: they increase spending and obtain more transfers from higher levels of government in preelection years. We argue that is a sign of stronger career concerns  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alberto Alesina; Ugo Troiano; Traviss Cassidy; National Bureau of Economic Research,
OCLC Number: 904294754
Notes: "February 2015"
Description: 1 online resource (50 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 20977.
Responsibility: Alberto F. Alesina, Ugo Troiano, Traviss Cassidy.

Abstract:

We evaluate the effect of a politician's age on political governance, reelection rates,and policies using data on Italian local governments. Our results suggest that younger politicians are more likely to behave strategically in response to election incentives: they increase spending and obtain more transfers from higher levels of government in preelection years. We argue that is a sign of stronger career concerns incentives. The results are robust to adopting three different identification strategies: fixed-effects regression, standard regression discontinuity design, and an augmented regression discontinuity design that controls for residual heterogeneity.

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