If You’re Not a Cynic Yet, this Might Help…
18 March 2011 at 11:33 am Lasse 2 comments
| Lasse Lien |
Revolving Door Lobbyists
Jordi Blanes i Vidal, Mirko Draca, Christian Fons-Rosen.Abstract: Washington’s “revolving door” — the movement from government service into the lobbying industry — is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections acquired during their public service. Lobbyists with experience in the office of a US Senator suffer a 24% drop in generated revenue when that Senator leaves office. The effect is immediate, discontinuous around the exit period and long-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority of and committee assignments power held by the exiting politician.
By See the full paper here.
Entry filed under: - Lien -, Papers, Public Policy / Political Economy.
Organizations and Markets 
1. Rafe’s Roundup March 19 at Catallaxy Files | 18 March 2011 at 10:15 pm
[…] Revolving door lobbyists. The dollar value of working with a US senator. […]
2.
Michael Marotta | 21 March 2011 at 4:59 pm
Certainly, this is one subset of lobbyist and it makes sense that selection would reward those representatives and senators whose staffers were most effective. That in turn allows them to hire better help or reward those who made their success possible.
Lobbying — being a lobbyist yourself or hiring one — is everyone’s right. I often told my classmates that (depending on the class size) for $5 or $20 each right now, we could hire an hour of a lobbyist’s time to take our message to the person of our choice. In one class, another student was also an office holder and he chimed in “… an hour and a half in this market.”