14.02.2013 – The Personal Wealth Interests of Politicians and Government Intervention in the Economy
Speaker: Laurence van Lent (Tilburg University and Center)
Date and place: 14/02/2013 at 2:30 pm
IÉSEG School of Management, 7 rue Solférino
Room: E-21 (E Building, second floor)
Paris Campus: video conference room H-426
We examine whether the incentives derived from personal wealth affect politicians’ decisions about government intervention in the economy. We investigate this question in the context of the government’s support of financial institutions under the Emergency Economic Stabilization Act in 2008. We find that the personal wealth interests of politicians are positively associated with voting in favor of key legislative proposals to support the financial sector and, subsequently, with the amount and timing of the support that financial institutions receive.
Institution(s) co-organizing the seminar with IESEG: IESEG SEMINAR jointly with LEM UMR 8179