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Replication data for: A Political Economy Model of Congressional Careers

Resource Type
  • Diermeier, Daniel
  • Keane, Michael
  • Merlo, Antonio
Publication Date
  • Abstract

    Our main goal is to quantify the returns to a career in the United States Congress. We specify a dynamic model of career decisions of a member of Congress and estimate this model using a newly collected dataset. Given estimates of the structural model, we assess reelection probabilities, estimate the effect of congressional experience on private and public sector wages, and quantify the value of a congressional seat. Moreover, we assess how an increase in the congressional wage or the imposition of term limits would affect the career decisions of politicians and the returns from a career in Congress.
  • Is supplement to
    DOI: 10.1257/0002828053828464 (Text)
  • Diermeier, Daniel, Michael Keane, and Antonio Merlo. “A Political Economy Model of Congressional Careers.” American Economic Review 95, no. 1 (February 2005): 347–73.
    • ID: 10.1257/0002828053828464 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Diermeier, Daniel; Keane, Michael; Merlo, Antonio (2005): Replication data for: A Political Economy Model of Congressional Careers. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.