Family business : causes and consequences of political dynasties
Date
2014-10
Authors
Rossi, Martín A.
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Journal Title
Journal ISSN
Volume Title
Publisher
Universidad de San Andrés. Departamento de Economía
Abstract
I explore the causes of the existence of political dynasties in democratic societies. In particular, I investigate the causal relationship between tenure length and posterior dynastic success. Since tenure length is potentially endogenous in a model of political dynasties, I exploit a natural experiment in Argentina that provides a source of exogenous variation for tenure length. I find that having a longer tenure in Congress increases the probability of having a relative in future congresses. I also find that dynastic legislators have lower performance than non-dynastic legislators.
Description
Fil: Rossi, Martín A. Universidad de San Andrés. Departamento de Economía; Argentina.