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Blair disease? Business careers of the former democratic heads of state and government

Baturo, A; Mikhaylov, S; (2016) Blair disease? Business careers of the former democratic heads of state and government. Public Choice , 166 (3-4) pp. 335-354. 10.1007/s11127-016-0325-8. Green open access

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Abstract

Examining the careers of democratic heads of state and government from 1960–2010, we find that one in every seven turns to the private sector after office. Distinguishing between the factors that attract leaders to business and those that render leaders attractive, we find that the global CEO compensation rates, cultural norms, having served in office in Anglo-Saxon countries as well as their personal background matter. We also find that certain economic outcomes and policies in office such as economic growth and reduction in state spending are often associated with post-tenure business careers. We do not find evidence, however, that leaders are able to implement policies with future careers in mind, which would in turn raise concerns over accountability.

Type: Article
Title: Blair disease? Business careers of the former democratic heads of state and government
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/s11127-016-0325-8
Publisher version: http://dx.doi.org/10.1007/s11127-016-0325-8
Language: English
Additional information: The final publication is available at Springer via http://dx.doi.org/10.1007%2Fs11127-016-0325-8.
Keywords: Leadership, career concerns, welfare state, political economy
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science
URI: https://discovery.ucl.ac.uk/id/eprint/1485902
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