IS THERE A PRINCIPAL-AGENT RELATIONSHIP BETWEEN FUTURE EMPLOYERS AND CONGRESSMEN?
To date, Congressional ideology has been considered to be the portion of a roll call vote that could not be explained by self-interested behavior. This paper suggests that the scope of what is considered self-interested behavior must be expanded. We find evidence that Congressmen may be the agent in a principal agent relationship, not only to voters and PACs as commonly thought, but also to industries that may offer Congressmen employment when they leave the House.
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