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講座標題：Private Returns to Bureaucratic Appointments: Evidence from Financial Disclosures in India

講座嘉賓：袁松

講座時間：2024年11月13日 12:00—13:30（周三）

講座地點：中國人民大學明德商學樓0208

主持人：陳雨新

講座簡介：

We examine whether bureaucrats with fixed salaries obtain high private returns. We digitize the financial disclosures of elite bureaucrats from India and combine this novel data with web-scraped career histories to estimate the private returns to public servants after bureaucratic reassignments. Employing a difference-in-differences event study approach, we find that the annual growth rate is 10% higher for the value of assets and 4.4% higher for the number of assets after a bureaucrat is transferred to an important ministry with the power to make influential policies. Exploring the underlying mechanism, we document that the results are consistent with an explanation based on the rent-seeking behaviours of bureaucrats. The increase in assets is higher after reassignment to important ministries that are more prone to corruption and is higher in more corruption-prone states. Bureaucrats working in their home states accumulate more immovable assets after the bureaucratic transfers. Previous experience in important ministries continues to contribute to the asset accumulation of bureaucrats. These findings add new insights to the conventional view on the incentives in bureaucracies by showing that bureaucrats may also face high-powered incentives in the form of private returns.

主講人簡介：

袁松，浙江大學經(jīng)濟學院百人計劃研究員，2022年從華威大學經(jīng)濟學博士畢業(yè)，之前分別于博洛尼亞大學和復(fù)旦大學取得碩士和學士學位。主要研究問題關(guān)注中國、印度和非洲等發(fā)展中國家的發(fā)展經(jīng)濟學、政治經(jīng)濟學和經(jīng)濟史。研究成果發(fā)表于Journal of Development Economics, Journal of Economic History等期刊上。

主辦單位：中國人民大學經(jīng)濟學院、中國人民大學中國經(jīng)濟史研究中心

承辦單位：中國人民大學中國經(jīng)濟史研究中心