Campaign finance legislation and the supply-side of the revolving door

Author:

Weschle SimonORCID

Abstract

AbstractExisting research on the revolving door examines why employers hire former politicians. I complement this demand-side approach by demonstrating the importance of the supply-side. In particular, I argue that one important institutional factor that shapes politicians' willingness to leave office for a private sector job is campaign finance legislation. Less restrictive rules increase campaign spending for incumbents, which makes revolving door employment less attractive. Empirically, I use novel data from the US states and a difference-in-differences design to show that the exogenous removal of campaign finance legislation through Citizens United reduced the probability that incumbents left office to work as lobbyists. The supply-side approach provides insights into comparative differences in the prevalence of the revolving door.

Publisher

Cambridge University Press (CUP)

Subject

Political Science and International Relations,Sociology and Political Science

Reference53 articles.

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4. The effects of campaign finance spending bans on electoral outcomes: Evidence from the states about the potential impact of Citizens United v. FEC

5. Petrova, M , Simonov, A and Snyder, JM Jr (2019) The effect of Citizen United on U.S. state and federal elections. Unpublished manuscript; https://0ec87679-a-62cb3a1a-s-sites.googlegroups.com/site/mariapetrovaphd/Citizens%20United%20draft.pdf.

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