Arbeitspapier
Do Businessmen Make Good Governors?
This paper empirically evaluates the economic performance of U.S. state governors who came to the position from a business background (CEO governors), focusing on income growth, unemployment, private investment, and income inequality. Methodologically, I apply a matching method to account for the endogeneity of political selection. I find that the tenures of CEO governors are associated with a 0.6 percentage points higher annual income growth rate, a 0.4 pp higher growth rate of the private capital stock, and a 0.6 percentage points lower unemployment rate than are the tenures of non-CEO governors. Income inequality decreases when CEO governors hold office.
- Sprache
-
Englisch
- Erschienen in
-
Series: ifo Working Paper ; No. 230
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Personal Income, Wealth, and Their Distributions
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Mobility, Unemployment, Vacancies, and Immigrant Workers: General
- Thema
-
U.S. Governors
economic growth
unemployment
income inequality
businessmen
entropy balancing.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Neumeier, Florian
- Ereignis
-
Veröffentlichung
- (wer)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (wo)
-
Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Neumeier, Florian
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Entstanden
- 2016
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