FAVORITE SONS: INTERGENERATIONAL WEALTH TRANSFERS AMONG POLITICIANS

Authors

  • DAVID N. LABAND,

  • BERNARD F. LENTZ

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    • *Assistant Professor of Economics, University of Maryland and Associate Professor of Economics, Ursinus College, respectively. The initial impetus for this study was provided by Robert D. Tollison. Helpful suggestions from a referee and the editor of this journal have been incorporated into the final draft. Despite such implication, the authors maintain sole property rights to remaining errors in the analysis.


Abstract

In this paper we investigate the degree of occupational following in politics, and its impact upon the career success, and behavior (while in office) of both sons and fathers. We find that sons follow into their politician/fathers' footsteps to a degree surpassed in the general population only among farmers and self-employed proprietors. There is substantial, indirect evidence which suggests that following is motivated to a large extent by the transfer of valuable name recognition and voter loyalty.

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