How should you pay politicians?

Congratulations! You have been asked to serve on a committee tasked with reviewing the current system for paying politicians in your country and recommending improvements. Please keep your report to a maximum of 2 pages (ideally 1-1.5). You should therefore:

1. Select a country (developing or developed) PLEASE DISCUSS

Don't use plagiarized sources. Get Your Custom Essay on
How should you pay politicians?
Get a plagiarism free paperJust from $13/Page
Order Essay

2. Describe its current system for paying politicians:

(a) how much do politicians earn?

(b) how is their compensation structured (ie. what is the distribution of cash, benefits, pensions, etc)?

(c) what other benefits from office do politicians get in addition to their salaries?

(d) who sets politicians’ salaries?

(e) how did they decide on the current level?

(f) what do citizens think about how (and how much) politicians are paid?

3. Discuss the selection, incentive and representation properties of the current pay structure:

(a) selection: does the current system of rewards attract capable and honest leaders to enter politics?

(b) incentives: does the current system of rewards encourage officeholders to perform well (in maximizing their voters’ welfare for example, by delivering economic development)?

(c) representation: does the current system of rewards draw a wide section of society into politics?

4. Recommend how the current pay system can be improved and outline reasons why

 

Here are some economics papers you may consider briefly looking through as you study your country’s situation and make your recommendations (there are some links on the next page as well).

• Political Selection by Tim Besley-https://pubs.aeaweb.org/doi/pdfplus/10.1257/089533005774357761

 

• Paying Politicians: Theory and Evidence by Tim Besley

 

• Progress and Perspectives in the Study of Political Selection- https://www.dropbox.com/s/xck8g7cv1plwu3e/dalbo-finan-politicalselection.pdf?dl=0

 

• Who becomes a Politician?- https://www.dropbox.com/s/qgoh99m58pygglj/whobecomesapolitician.pdf?dl=0

 

• Motivating Politicians: The Impacts of Monetary Incentives on Quality and Performance by Claudio Ferraz and Fred Finan- https://eml.berkeley.edu/~ffinan/Finan_MPoliticians.pdf

 

• Labor Supply of Politicians by Ray Fisman, Nikolaj Harmon, Emir Kamenica and Inger Munk- https://sites.bu.edu/fisman/files/2015/11/mepLaborSupply.pdf

Homework Valley
Calculate your paper price
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.

Title-page

A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.

Bibliography

Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At Homework Valley, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.

Pricing

Flexible Pricing

Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.

Communication

Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.

Deadlines

Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.

Reviews

Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.

See all services