Land lotteries, long-term wealth, and political selection
| Autor: | Jason Poulos |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Natural experiment Sociology and Political Science 05 social sciences Public office 0506 political science Term (time) Power (social and political) Lottery Politics 0502 economics and business 050602 political science & public administration Demographic economics 050207 economics Selection (genetic algorithm) Public finance |
| Zdroj: | Public Choice. 178:217-230 |
| ISSN: | 1573-7101 0048-5829 |
| DOI: | 10.1007/s11127-018-00625-9 |
| Popis: | Does personal wealth cause individuals to select into public office? This study exploits the 1805 and 1807 Georgia land lotteries to investigate the hypothesis that wealth increases political power. Most eligible males participated in the lotteries and more than one-in-ten participants won a land prize worth over half of median property wealth. I find no evidence that lottery wealth increases the likelihood of officeholding or running for office, and argue that those null findings are informative because the estimates are not practically different from zero. The absence of a treatment effect implies that commonly observed cross-sectional correlations between personal wealth and officeholding are likely explained by selection effects. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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