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Political Careers or Career Politicians?
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Topic: Careers
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Content Inside: Political Careers or Career Politicians? Andrea Mattozzi Antonio Merlo September 2005 ABSTRACT Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e. politicians who work in the political sector until retirement) and political careers (i.e. there are politicians who leave politics before retirement and work in the private sector). In this paper we propose a dynamic equilibrium model of the careers of politicians in a political economy with a private sector and a political sector where individuals are heterogeneous with respect to their market ability as well as their political skills. We charac- terize the conditions under which the two career paths emerge in equilibrium and establish a number of comparative statics results with respect to the quality of politicians and their careers. We thank the participants of the 2005 Meetings of the SED and the 2005 PIER Conference on Political Economy for their useful comments. Division of Humanities and Social Sciences California Institute of Technology <andrea@hss.caltech.edu> Department of Economics University of Pennsylvania and CEPR <merloa@econ.upenn.edu> 1 Introduction The very existence and functioning of representative democracy where citizens delegate policy-making to elected representatives hinges on the presence of politicians. In his famous 1918 lecture entitled Politics as a Vocation Max Weber writes: Politics just as economic pursuits may be a mans avocation or his vocation. . There are two ways of making politics ones vocation: Either one lives for politics or one lives off politics. . He who lives for politics makes politics his life . He who strives to make politics a permanent source of income lives off politics as a vocation. from Gerth and Mills (1946; pp. 83-84) The view expressed by Weber highlights the importance of analyzing the motivations of politicians in the context of their career decisions over the l ...
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