Wealth through legislative service (for some)
Erik Voeten, writing at The Monkey Cage blog points out an article in The American Political Science Review titled "MPs for Sale?" (it's a download).According to Voeten, the article contends that, "Conservative Members of Parliament (MPs) almost doubled their wealth as a result of being elected to office but office had no discernable financial benefits for Labour MPs."
"Conservative MPs acquired their wealth largely through lucrative outside employment they acquired after their retirement... In the UK, gaining a seat in parliament more than tripled the probability that a Tory politician would later serve as a director of a publicly traded company. The authors speculate that Labour MPs were less successful in selling their services due to the control exercised by trade unions."
Excerpts from the paper might be appropriate to discuss recruitment of political leaders in the UK.
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Labels: legislature, political culture, UK
posted by Ken Wedding @ 5:59 AM
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