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• W2111036739 abstract "Washington's “revolving door”––the movement from government service into the lobbying industry––is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections acquired during their public service. Lobbyists with experience in the office of a US Senator suffer a 24 percent drop in generated revenue when that Senator leaves office. The effect is immediate, discontinuous around the exit period, and long-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority of and committee assignments power held by the exiting politician." @default.
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• W2111036739 date "2012-12-01" @default.
• W2111036739 modified "2023-10-16" @default.
• W2111036739 title "Revolving Door Lobbyists" @default.
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• W2111036739 doi "https://doi.org/10.1257/aer.102.7.3731" @default.
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