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dc.contributor.authorPeichl, Andreasen_US
dc.contributor.authorPestel, Nicoen_US
dc.contributor.authorSiegloch, Sebastianen_US
dc.date.accessioned2011-07-19en_US
dc.date.accessioned2011-11-23T11:32:33Z-
dc.date.available2011-11-23T11:32:33Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201104113934en_US
dc.identifier.urihttp://hdl.handle.net/10419/51669-
dc.description.abstractUsing a unique dataset of German members of parliament with information on total earnings including outside income, this paper analyzes the politicians' wage gap (PWG). After controlling for observable characteristics as well as accounting for selection into politics, we find a positive PWG which is statistically and economically significant. It amounts to 40-60% compared to citizens with an executive position. Hence, we show that the widely held claim that politicians would earn more in the private sector is not confirmed by our data. Our findings are robust with respect to potential unobserved confounders. We further show that the PWG exceeds campaigning costs and cannot be justified by extraordinary workload. Hence, our results suggest that part of the PWG can be interpreted as rent extraction. This calls for a reform of the regulation of outside earnings, which account for a sizeable share of the wage premium.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5520en_US
dc.subject.jelD72en_US
dc.subject.jelH11en_US
dc.subject.jelH83en_US
dc.subject.jelJ31en_US
dc.subject.jelJ45en_US
dc.subject.ddc330en_US
dc.subject.keywordpoliticians' wage gapen_US
dc.subject.keyworddescriptive representationen_US
dc.subject.keywordcitizen-candidate modelen_US
dc.subject.keywordpolitical rentsen_US
dc.subject.keywordoutside earningsen_US
dc.subject.stwPolitikeren_US
dc.subject.stwNebentätigkeiten_US
dc.subject.stwLohndriften_US
dc.subject.stwRent Seekingen_US
dc.subject.stwDeutschlanden_US
dc.titleThe politicians' wage gap: Insights from German members of parliamenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn664415482en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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