ALL IN A DAY'S WORK: THE FINANCIAL REWARDS OF LEGISLATIVE EFFECTIVENESS
In: Legislative studies quarterly, Band 24, Heft 4, S. 511-523
ISSN: 0362-9805
THE INVESTMENT THEORY OF CAMPAIGN FINANCE POSITS THAT POLITICAL ACTION COMMITTEES INVEST CAMPAIGN FUNDS IN MEMBERS WHO PROVIDE SERVICES AT A LOW COST. THE AUTHORS BUILD ON AND DIRECTLY TEST THIS THEORY, HYPOTHESIZING THAT PACS GIVE TO MEMBERS WHO ARE EFFECTIVE LEGISLATORS. USING DATA COLLECTED FROM THE 103D AND 104TH CONGRESSES AND A DIRECT MEASURE OF EFFECTIVENESS, THEY FIND THAT CONTRIBUTIONS FLOW TO MEMBERS WHO ARE SUCCESSFUL IN GETTING A LARGE PERCENTAGE OF THEIR SPONSORED BILLS ENACTED INTO LAW. BEING AN EFFECTIVE LEGISLATOR IS ONE WAY A MEMBER CAN PURCHASE TIME FOR HIS OR HER WASHINGTON WORK.