IDEAS home Printed from https://ideas.repec.org/a/bla/labour/v22y2008i4p679-695.html
   My bibliography  Save this article

Legislative Pay and Legislator Quality

Author

Listed:
  • Franklin G. Mixon Jr
  • Sean P. Salter

Abstract

This study extends previous work by Mixon and Wilkinson (1999, Public Finance Review 27: 418–433) and Palia (2000, RAND Journal of Economics 31: 165–179) suggesting that formal human capital attainment is lower in political and managerial roles wherein expected compensation is less. The present study constructs a cumulative probability distribution function for years of education attained for both branches of the 109th US Congress and finds that the distribution of years of education attainment in the US Senate second‐order dominates that in the US House due to differences in the expected compensation levels favoring the former congressional branch. The stochastic dominance test results are supported by findings of significant differences in education attainment (favoring senators) at different quantiles of the joint education attainment distribution. Finally, goodness‐of‐fit tests also indicate that the distribution of education attainment quality in the US Senate, as measured by various academic institution quality indicators, is significantly different from that in the US House, again owing to the differences in expected compensation.

Suggested Citation

  • Franklin G. Mixon Jr & Sean P. Salter, 2008. "Legislative Pay and Legislator Quality," LABOUR, CEIS, vol. 22(4), pages 679-695, December.
    • Handle: RePEc:bla:labour:v:22:y:2008:i:4:p:679-695
    DOI: 10.1111/j.1467-9914.2008.00428.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-9914.2008.00428.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-9914.2008.00428.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gary S. Becker & Casey B. Mulligan, 1997. "The Endogenous Determination of Time Preference," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 729-758.
    2. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    3. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70(5), pages 1-1.
    4. Judith Chevalier & Glenn Ellison, 1999. "Are Some Mutual Fund Managers Better Than Others? Cross‐Sectional Patterns in Behavior and Performance," Journal of Finance, American Finance Association, vol. 54(3), pages 875-899, June.
    5. Paul Joskow & Nancy Rose & Andrea Shepard, 1993. "Regulatory Constraints on CEO Compensation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 1-72.
    6. Franklin G. Mixon Jr. & James B. Wilkinson, 1999. "Compensation Schemes and Human Capital Attainment in Congress: Is There an Adverse Selection of Legislator Attributes?," Public Finance Review, , vol. 27(4), pages 418-433, July.
    7. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    8. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, July.
    9. Darius Palia, 2000. "The Impact of Regulation on CEO Labor Markets," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 165-179, Spring.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Steven B. Caudill & Stephanie O. Crofton & João Ricardo Faria & Neela D. Manage & Franklin G. Mixon & Mary Greer Simonton, 2020. "Property confiscation and the intergenerational transmission of education in post-1948 Eastern Europe," Public Choice, Springer, vol. 184(1), pages 1-41, July.
    2. Richard Cebula & Franklin Mixon & Mark Montez, 2015. "Teachers’ salaries and human capital, and their effects on academic performance: an institution-level analysis of Los Angeles County high schools," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(2), pages 347-356, April.
    3. Richard Cebula & Franklin Mixon, 2012. "Dodging the vote?," Empirical Economics, Springer, vol. 42(1), pages 325-343, February.
    4. Mixon Jr., Franklin G. & Gómez-Mejia, Luis R., 2020. "The Competitive Struggle to Win Tournaments: The Allies’ Race to Capture Adolf Hitler’s Eagle’s Nest," American Business Review, Pompea College of Business, University of New Haven, vol. 23(1), pages 3-17, May.
    5. João Ricardo Faria & Franklin G. Mixon, 2020. "The Peter and Dilbert Principles applied to academe," Economics of Governance, Springer, vol. 21(2), pages 115-132, June.
    6. Franklin G. Mixon Jr. & Richard J. Cebula, 2022. "Property Rights Freedom and Innovation: Eponymous Skills in Women's Gymnastics," Journal of Sports Economics, , vol. 23(4), pages 407-430, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. James Heckman & Flavio Cunha, 2007. "The Technology of Skill Formation," American Economic Review, American Economic Association, vol. 97(2), pages 31-47, May.
    2. Jared C. Carbone & Snorre Kverndokk, 2016. "Individual Investments in Education and Health: Policy Responses and Interactions," CESifo Working Paper Series 6154, CESifo.
    3. Cici, Gjergji & Hendriock, Mario & Jaspersen, Stefan & Kempf, Alexander, 2019. "#MeToo meets the mutual fund industry: Productivity effects of sexual harassment," CFR Working Papers 19-03, University of Cologne, Centre for Financial Research (CFR).
    4. Ricardo Correa Cangussu & Marcio Antonio Salvato & Luciano Nakabashi, 2008. "An analysis of human capital on the Brazilian States income level: MRW versus Mincer," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211041150, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Carbone, Jared C. & Kverndokk, Snorre, 2014. "Individual investments in education and health," HERO Online Working Paper Series 2014:1, University of Oslo, Health Economics Research Programme.
    6. Shin-Yi Chou & Jin-Tan Liu & Michael Grossman & Ted Joyce, 2010. "Parental Education and Child Health: Evidence from a Natural Experiment in Taiwan," American Economic Journal: Applied Economics, American Economic Association, vol. 2(1), pages 33-61, January.
    7. Jacques Pelletan, 2013. "Knowledge society and crime: an ambiguous relation," Economics Bulletin, AccessEcon, vol. 33(3), pages 1852-1862.
    8. Valérie Canals & Claude Diebolt & Magali Jaoul-Grammare, 2015. "Education, productivité et gain. Retour sur les approches critiques de l’enchaînement causal de la théorie du capital humain," Working Papers of BETA 2015-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    9. Byoung Uk Kang & Jin-Mo Kim & Oded Palmon & Zhaodong Zhong, 2020. "Are college education and job experience complements or substitutes? Evidence from hedge fund portfolio performance," Review of Quantitative Finance and Accounting, Springer, vol. 54(4), pages 1247-1278, May.
    10. Huang, Ying Sophie & Liang, Bing & Wu, Kai, 2021. "Are mutual fund manager skills transferable to private funds?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 614-638.
    11. Ujjaini Mukhopadhyay, 2021. "Differential Education Subsidy Policy and Wage Inequality Between Skilled, Semi-skilled and Unskilled Labour: A General Equilibrium Approach," Review of Development and Change, , vol. 26(1), pages 40-62, June.
    12. Paul W. Miller & Barry R. Chiswick, 2002. "Immigrant earnings: Language skills, linguistic concentrations and the business cycle," Journal of Population Economics, Springer;European Society for Population Economics, vol. 15(1), pages 31-57.
    13. Katarzyna Growiec & Jakub Growiec, 2016. "Bridging Social Capital and Individual Earnings: Evidence for an Inverted U," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 601-631, June.
    14. Kaspar W thrich, 2013. "Set Identification of Generalized Linear Predictors in the Presence of Non-Classical Measurement Errors," Diskussionsschriften dp1304, Universitaet Bern, Departement Volkswirtschaft.
    15. Schultz, T. Paul, 2009. "The Gender and Generational Consequences of the Demographic Transition and Population Policy: An Assessment of the Micro and Macro Linkages," Working Papers 71, Yale University, Department of Economics.
    16. Emanuela di Gropello, 2006. "Meeting the Challenges of Secondary Education in Latin America and East Asia : Improving Efficiency and Resource Mobilization," World Bank Publications - Books, The World Bank Group, number 7173, December.
    17. Aidis, Ruta & van Praag, Mirjam, 2007. "Illegal entrepreneurship experience: Does it make a difference for business performance and motivation?," Journal of Business Venturing, Elsevier, vol. 22(2), pages 283-310, March.
    18. Benoit Dostie & Pierre Thomas Léger, 2014. "Firm-Sponsored Classroom Training: Is It Worth It for Older Workers?," Canadian Public Policy, University of Toronto Press, vol. 40(4), pages 377-390, December.
    19. Zeng, Jinli & Zhang, Jie, 2022. "Education policies and development with threshold human capital externalities," Economic Modelling, Elsevier, vol. 108(C).
    20. Yi Fan, 2017. "Does Adversity Affect Long-Term Consumption and Financial Behaviour? Evidence from China's Rustication Programme," ERES eres2017_148, European Real Estate Society (ERES).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:labour:v:22:y:2008:i:4:p:679-695. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/csrotit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.