政治家薪酬的真实效应

Igor Cunha, Paulo Manoel
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引用次数: 2

摘要

我们研究政治家的薪酬如何影响实体经济。具体来说,我们调查了巴西立法者的工资对商业活动的影响。我们使用一项宪法修正案来确定我们的结果,该修正案根据任意的人口截止值为特定城市的立法者设定了工资上限。我们发现,较高的政治家工资与企业和就业机会的增加以及企业的平均创业投资有关。高薪的立法者增加了市政预算盈余,同时增加了提高当地经济生产力项目的支出。我们的证据突出了降低政治家工资对私营部门的潜在不利影响。
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The Real Effects of Politicians' Compensation
We study how politicians' compensation affects the real economy. Specifically, we investigate the effect of legislators' wages on business activity in Brazil. We identify our results using a constitutional amendment that established salary caps for legislators in a given municipality based on arbitrary population cutoffs. We find that higher politician wages are associated with increases in firm and job creation and firms' average startup investments. Better paid legislators increase the municipality's budget surplus while increasing expenditure in items that increase local economic productivity. Our evidence highlights the potential adverse effects on the private sector of lowering politicians' salaries.
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