Using transaction-level data on US congressional stock trades, we find that lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 percentage points annually after ascension. Leaders’ superior performance arises through two mechanisms. The political influence channel is reflected in higher returns when their party controls the…
Congressional leadership is corrupt
Congressional leadership is corrupt
11 Dec 2025 Leave a comment
in applied price theory, econometerics, economic history, financial economics, politics - USA, Public Choice
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