How much data do you need to conduct an informative staggered diff-in-diff? In our new working paper
@fhollenbach
and I simulate the power of
#DiD
estimators, and find that you might need *a lot*, even to detect large effects. We also provide suggestions for improving power 1/
Excited to finally share this paper: I show that US firms pay lower tax rates when they hire former legislators. I collect data on tax audits to show that this is likely because connections lead to selective enforcement
Link:
a few more details below 1/3
Our paper shows that diff-in-diff can require a surprisingly large number of units to produce anything informative. BUT in most observational research, we can't simply increase the sample size! Our paper also provides some pointers for how to improve power when N is fixed. 1/10
How much data do you need to conduct an informative staggered diff-in-diff? In our new working paper
@fhollenbach
and I simulate the power of
#DiD
estimators, and find that you might need *a lot*, even to detect large effects. We also provide suggestions for improving power 1/
Happy and proud to have accepted a tenure track position at the Copenhagen Business School
@CBScph
, dept of International Economics, Government and Business! Excited to join my new colleagues who are doing ground-breaking research on business and money in politics!
We show in our paper that a surprisingly large sample can be needed to power a diff-in-diff. But our paper also has implications for 1) what you should remember to include when you report your DiD results, 2) how you assess the informativeness of a DiD. A 🧵 1/
How much data do you need to conduct an informative staggered diff-in-diff? In our new working paper
@fhollenbach
and I simulate the power of
#DiD
estimators, and find that you might need *a lot*, even to detect large effects. We also provide suggestions for improving power 1/
I defended my dissertation yesterday! What a wild ride! Thanks to
@adam_bonica
@a_rasmussen
@justingrimmer
for an engaging discussion and awesome feedback. It was a pleasure! Now, I'm gonna sleep for a month. Oh, and here is a photo where it looks like we're being beamed up:
Do high-salary jobs make politicians leave public service? Does that shape political representation? Accepted
@PSRMJournal
.
1. Lobbyist salary increases revolving door action
2. Attracts legislative specialists in Senate and least wealthy in House. 1/
Many political extremists have no electoral incentive to moderate themselves. However, in a new article at
@The_JOP
Hai Tran and I show that large corporations impose a labor market cost on extreme behavior in Congress.
Link:
#polisciresearch
Now forthcoming at
@qjps_editors
!
@joshmccrain
and I show that lobbying firms gain substantial increases in revenue when their lobbyists enter a government position. Larger gains for connections to congressional staff than federal bureaucrats. Preprint:
Det kan simpelthen ikke være rigtigt, at en statslig institution straight up lyver om sine tidligere udtalelser. Slet ikke, når det gav backing til et ret omfattende politisk indgreb
@SSI_dk
🚨Call for Papers🚨 Psyched to announce the CBS-Princeton Money in Politics conference to be held in Copenhagen, June 2024. Third iteration of the conference, always a fantastic experience. Send us your papers before Jan 5, '24!
Link: 1/2
🚨Happy to announce the first Copenhagen Money in Politics conference in June '22! So much fantastic MiP research, but few opportunities to meet. At
@CBScph
we want to help provide them. Details in next tweet and in call: Please spread the word! 1/2
Vanvittigt interessant artikel fra
@EkstraBladet
baseret på optagelser fra et møde, hvor en socialdemokratisk erhvervsklub har betalt for adgang til finansminister Wammen.
En tråd om hvad spritny forskningen siger om emnet 👇
1/9
Proud to be involved in this (huge!) research project! >$800k for money in politics research at
@CBScph
. We're investigating why voters support tycoon candidates, and the effects of electing businessowners into office.
Extremely happy that the Independent Research Fund Denmark
@DFF_raad
decided to fund my "Tycoon Candidates" project. Looking forward to working on the project over the next four years, along with the excellent
@BCEgerod
@CBScph
Ever wonder why most firms never lobby? A growing body of research examines firm lobbying and uncovers large returns on investment. Given this, it's very weird that more firms don't start lobbying. In this paper (w/ L. Aaskoven), we examine why 🧵1/6
#apsa22
#polisciresearch
Some exciting professional news: I'm happy and proud to announce that I will be part the
@StiglerCenter
@ChicagoBooth
new fellowship program. Really excited to work with this amazing cohort of scholars of political economy, among others my
@cbsMiP
colleague,
@JStuckatz
We are happy to announce the first cohort of our new
#StiglerAffiliate
Fellows program, a multidisciplinary group of economists, business scholars, lawyers, and political scientists. A 🧵 👇 of the 3-year non-resident fellows at
@ChicagoBooth
:
Dep't of polisci at Aarhus University in Denmark now ranks 10th in the Shanghai Ranking, beating UCSD and UC Berkeley. Danish
#polisci
really seeing a golden age!
Sweetest words in an academic's vocabulary: "Based on these reviews and my own careful reading of the manuscript, I am delighted to tentatively accept your article for publication in The Journal of Politics"
@fkjoellerlarsen
@LeneHolmP
@JODahlgaard
New working paper! With Hai Tran, I show that extremist Members of Congress are in very low demand as board members when they leave office. This places a cost on radical behavior in office. Thread 👇 Link to paper:
#polisciresearch
#SocSciResearch
1/
🚨New paper with
@mkjustesen
online at
@BJPolS
!
We present firm-level evidence from 19 WTO countries that policy-makers tailor trade policy to suit selected firms.
Preprint: . Article: 1/6
Thread 👇
🚨updated working paper🚨 We show that firms have a strong preference for appointing moderate Members of Congress to their boards. Extremists are practically shut out. The labor market places a cost on radical behavior in office. W/ Hai Tran.
Link:
1/2
In a new paper with
@a_rasmussen
and
@JensAdriaan
we show new evidence on the relation between the revolving door and access to decision-makers in the EU. The article is open access in
@IGA_journal
:
Future studies should probe further with better data 1/5
How much data do you need to conduct a staggered diff-in-diff analysis?
@fhollenbach
and I are presenting our paper on this topic at a great
#APSA24
panel: "Beyond Traditional DiD: Exploring New Approaches in Panel Data Analysis"
1/3
How much data do you need to conduct an informative staggered diff-in-diff? In our new working paper
@fhollenbach
and I simulate the power of
#DiD
estimators, and find that you might need *a lot*, even to detect large effects. We also provide suggestions for improving power 1/
The CBS-Princeton Money in Politics Conference is taking place later this week! At
@cbsMiP
we're super excited to host so many terrific scholars for two days of cutting edge research on campaign finance, lobbying, corruption, firm strategy and more!
Link to program next post 1/3
The revolving door shapes representation in the US Congress by attracting legislative specialists and the least wealthy. My first dissertation chapter is now open access
@PSRMJournal
. Such a relief to see this in print
#Vol10Iss4
|
#PSRM10
| Do high-salary jobs make politicians leave public service?
@BCEgerod
studies these questions with data on US legislators and finds that the revolving door shapes political selection
Article in
#FreeAccess
👇
Håber, at ledelserne på
#dkuni
og i regeringen læser med her. Der kan være stor omkostninger forbundet med endnu et online semester -- men de er ikke synlige med det samme
Evidence is accumulating that online teaching reduces learning outcomes:
by Figlio et al. (2013)
by Alpert et al. (2016)
by Bettinger et al. (2017)
by Cacault et al. (2021)
(1/3)
Skriver i
@politiken
i dag om et overset problem ved "svingdøren" mellem politik og erhvervsliv: lukrative stillinger i det private dræner ekspertise væk fra den offentlige sektor.
Today's absolute highlight: watching
@CappelenChris
absolutely killing it in his PhD defense 🔥 He collects original data on medieval castles in Europe, and uses it to create a measure of the origin of the state (w/ Jacob Hariri).
#polisciresearch
Hvor meget politisk indflydelse har virksomheder?
Forskningen viser, at virksomheder har mindre indflydelse - og at deres rolle er mere nuanceret - end de fleste tror. Det har jeg skrevet et essay om til
@Magtudredningen
. En🧵om forskningen
Link til essay neden for
#dkpol
1/
Det her bliver danmarkshistoriens største nedskæring på uddannelse og forskning. Hvis det skete under en borgerlig regering, havde der været vilde protester.
Sweet, sweet words: "Based on the reviews and my own careful reading of the manuscript, I invite you to revise and resubmit your manuscript for further review."
Really excited to see my paper with
@joshmccrain
at
@qjps_editors
!
We find big effects of lobbyists becoming govt officials on the revenue of the firm they used to work for.
Now online!
Lobbyists into Government
w/
@BCEgerod
at
@qjps_editors
We find big effects of lobbyists becoming govt officials on lobbying firm revenue ($320k per year)
ungated:
I'm extremely excited to share the program for the
@cbsMiP
Money in Politics conference. It will take place Thurs+Fri of this week, with papers covering lobbying, campaign donations, corruption, ESG+CSR, and much more
Check out the program: 1/2
🚨Paper alert!🚨private sector orgs in EU use political connections to gain access to decision-makers. Goal is to shape agenda - not extract money. Effects are short-term. Happy and proud to share new work with
@a_rasmussen
@JensAdriaan
. Paper here: 1/7
Er medforfatter på gårsdagens kronik i
@politiken
. Der snakkes meget om MF'ere, der tager job i det private. Men der er grund til at bekymre sig mere om ministre og departementschefer. Tid til regulering? Med
@a_rasmussen
@_NBH_polsci
. Link:
Desværre synes jeg, at det her tweet indfanger tilgangen blandt centrale dele af vores embedsværk under covid19. Vi har brug for mere åbenhed i forvaltningen -- ikke topembedsmænd, der nedgører borger online.
Forthcoming book chapter:
@RoKlemmensen
and I review common text scaling techniques in polisci. We also run simulation studies to investigate how document characteristics impact scaling performance. Forthcoming in Curini & Franzese's SAGE Handbook
Der er behov for gennemsigtighed i privat partistøtte
#dkpol
. Jeg skriver i
@informeren
om tre forskningsbaserede reformer. Kort🧵om:
1. Argumenter for en reform, der kun er lidt indgribende.
2. Det mest oversete problem i det eksisterende system
Shit en cliff hanger! 1/16
🚨Copenhagen Money in Politics Conference Returns🚨
At
@cbsMiP
we're happy and proud to announce that the second conference will be held on June 15-16 '23 at
@CBScph
. This year's event was fantastic with a lot of cutting edge research
Link to the call: 1/2
Feels great to see this paper with
@DrDRMiller
@joshmccrain
@hjghassell
out at JLEO! We find that political connections are very important for lobbyist hiring but that expertise is at least as important.
Now online at the Journal of Law, Economics and Organization:
Partisanship, expertise, or connections? A conjoint survey experiment on lobbyist hiring decisions
w/
@DrDRMiller
@ProfHansNoel
@BCEgerod
Check out my new website! I've been "between websites" since I was on the job market, but now I've finally created a space where folks can follow my research and other activities.
Here's a link:
Excited
@joshmccrain
and I are finally ready share this paper! When lobbying firms see their employees transition into gov't jobs, their revenue increases 36%.1/2
New paper with
@BCEgerod
: Lobbyists into Government
We find:
* when lobbyists become congressional staff or bureaucrats, their previous firms see a 36% ($320k) increase in yearly revenue
* larger increases for congressional staff over bureaucrats
Want to meet up with people studying the role of money in politics this summer? The deadline for submitting to the Copenhagen Money in Politics conference is fast approaching! Send us your work no later than February 1!
Full call here:
Congratualations to
@BCEgerod
and
@wmjunk
for winning the
@ECPR_Int_Groups
best paper award in the category "early career researcher" for their paper titled “The shadow of your opponent”. 👏
My article with
@mvinaes
in the
@UrbanAffairsRev
is now online! Using highly granular Danish data, we find that local policy reacts strongly to changes in voter preferences. Important replication of US findings Link: . Pre-print:
🚨 follow our research group!
@CBScph
Money in Politics profile is up and running:
@cbsMiP
. Keep up to date with all the great Money in Politics research and events coming out of Copenhagen!
Thursday was a special day: My former PhD advisor, Jacob Hariri, gave his inaugural lecture as a full professor of political science
@PolsciCph
. Great talk on his research on early statehood
Want more chances to interact with people who study the role of money in politics? Get ready for our new online seminar, MOPOS. With
@nelson_ruizg
@mkjustesen
#polisciresearch
We're accepting submissions for Fall '22 and Winter '23. Link:
Det er altså ret vildt at erklære sin støtte til forslaget og have sat sig så lidt ind i tingene, at man tror, at små studiemiljøer er en god ting. Please
@jacobmark_sf
@SFpolitik
snak med nogen, der ved noget om uddannelse og forskning før forhandlingerne
Next Friday, I'll be presenting some preliminary work suggesting that hiring former US legislators decreases the tax rate firms pay. + suggestive evidence that the effect is driven by most well-connected legislators. Panel: Patronage, Information, and Policy
#MPSA2018
#MPSA18
My paper with
@mkjustesen
out now in
@BJPolS
!! We show that decision-makers shield immobile firms from free trade. We do so by matching firm-level data from 19 countries with the firm's influence in placing selective duties on foreign competitors.
🚨New paper with
@wmjunk
🚨Most theories of lobbying include thoughts about how groups compete. But very little empirics on lobbying competition. We estimate competition among 1) US contract lobbying firms, 2) groups lobbying legislation, 3) firms seeking trade protection. Paper👇
Are you interested in competitive lobbying dynamics? In our new paper,
@BCEgerod
& I apply spatial techniques to model interdependence between competing lobbyists in three stages of the lobbying process: legislation, mobilisation and implementation.🧵(1/3)
@joshmccrain
and I are currently working on a paper showing that lobbying firms, who had an employee hired into the presidential administration in 2017, saw a big rise in revenue. More details in the next tweets - link to paper here: 1/3
Havde en god samtale med
@CarlEmilArnfred
ifm. denne artikel. Jeg er citeret for at sige, at sælge adgang for donationer er et demokratisk problem. Normalt udtaler jeg mig ikke så sort/hvidt. Tråd hvor jeg uddyber vedr. penge i politik og gennemsigtighed.
#dkpol
1/11
Omstridte politiske erhvervsklubber er flerdoblet på få år. Læs mere i PS i morgen
#dkpol
»Dem-som-gerne-vil-have-fat-i-vores-pengekasse-er-da-nødt-til-at-gøre-deres-hoser-grønne-over-for-os«
Det interessante er, at de vil undtage stillingerne fra reglen om, at de skal slås op. Men hvis de her gutter var så fede, så kunne de vel blive ansat i åben konkurrence med andre kandidater. Afslører noget om motivation for forslaget.
Så blev vi så meget klogere 🙄🤷🏻♀️ Udenrigsminister Jeppe Kofod vil gerne forsvare ønsket om politiske udnævnelser – men han vil ikke forklare, hvad det handler om
At APSA, I will present joint work with
@a_rasmussen
and
@JensAdriaan
. We show that interest groups can gain access to EU decision-makers by hiring former EU officials. Many more findings in the thread below! Here's the panel: 1/7.
Det her er en ekstremt problematisk sag, og det må efterhånden være klart for de fleste, at der er behov for strammere regler + håndhævning. For inspiration gennemgår jeg Europarådets anbefalinger her: 1/3
Fortrolige oplysninger om Dan-Bunkering videregivet til Udenrigspolitisk Nævn, mens Løkke har været medlem. Nu bliver han ansat i det advokatfirma, der repræsenterer Dan-Bunkering i straffesagen om brud på EU-sanktioner.
#dkpol
🚨4 year post doc🚨
@mkjustesen
and I are hiring on our Tycoons project. I'm biased but I think the conditions are pretty good: we have a vibrant environment, we offer competitive salary, and only 25% teaching. We're at
@APSAtweets
-- happy to chat. Link:
@kurrild
siger det præcist her 👇 Men hvem har i øvrigt fundet på den skøre ide, at specialet skulle være begyndelsen på en forskeruddannelse? En eller anden i Socialdemokraternes spinmaskine? Sikke noget anti-akademiker vrøvl
@FynboJohan
@RasmusJarlov
@TueNex
Rasmus: Kandidatspecialet har eksisteret i hele og halve århundreder før ph.d.'en blev opfundet. Det er hverken historisk eller funktionelt begyndelsen på en forskeruddannelse; det er derimod på mange studier den eneste større, selvstændige opgave, de studerende skal lave.
Just received my acceptance email for
#APSA2021
. After >1 year of virtual seminars has been draining. I have never looked this much forward to a conference before.
My second panel of the day is on political connections. With
@JStuckatz
presenting work co-authored with me and
@mijumueller
. 56% of publicly traded firms appoint former gov't officials. 32% appoint bureaucrats. When revolvers arrive, firm revenue increases by 11%
Now online at
@PSRMJournal
. The revolving door shapes political selection. Link to article: . Below is a thread on the paper and a link to a preprint version.
Do high-salary jobs make politicians leave public service? Does that shape political representation? Accepted
@PSRMJournal
.
1. Lobbyist salary increases revolving door action
2. Attracts legislative specialists in Senate and least wealthy in House. 1/
I've written this post for
@ProMarket_org
about my dissertation. Main finding: the revolving for shapes legislative behavior among US senators. Give it a read!
A new study finds that career prospects in the private sector do induce legislators to leave office and that US senators become more moderate before they voluntarily leave office through the revolving door, writes
@BCEgerod
on
@ProMarket_org
:
Can interest groups buy more meetings with decision-makers by hiring former politicians? What do they discuss in those meetings? On Thursday at 11am
@a_rasmussen
will present joint work on this with me and
@JensAdriaan
#spsa2020
. Come by -- it's a killer panel! 1/3
We're hiring!! My department at
@CBScph
is looking for a tenured associate prof. Political economy, quant methods, money in politics. I'm happy to chat with anyone who's interested.
Curious about how the behavior of big business may punish extremist legislative behavior? Check out this blog post describing my recent
@The_JOP
article with Hai Tran.
#polisciresearch
❓What are the consequences of highly partisan behavior in Congress? In the latest
@the_JOP
blog post, Benjamin Egerod (
@BCEgerod
) & Hai Tran find evidence that publicly traded companies avoid appointing ideological extremists to their boards⬇️
We really have a fantastic line-up in the first CBS Money in Politics conference! Check out the program 👇👇 Probably the largest money in politics conference so far. Spread the word -- it's all happening at
@CBScph
It’s here! The first CBS Money in Politics Conference will take place on June 16-17, 2022 – hosted by the Dept. of Int’ Economics, Government and Business at
@CBScph
. We have a spectacular line-up of panels and people. Programme here:
Spent the weekend recharging after the first CBS Money in Politics conference -- soooo much good research! Now: reading papers I'm discussing at
#EPSA2022
#EPSA22
It’s here! The first CBS Money in Politics Conference will take place on June 16-17, 2022 – hosted by the Dept. of Int’ Economics, Government and Business at
@CBScph
. We have a spectacular line-up of panels and people. Programme here:
Had a blast co-authoring this! We find:
1) connections matter for lobbyists value, but *not* more than expertise. Goes against much established research (incl our own!)
2) partisanship only matters conditional on who's in power.
#polisciresearch
New lobbying working paper!
Hiring Faithful Agents, Expertise, or Connections? A Conjoint Survey Experiment on Lobbyist Hiring Decisions
with
@BCEgerod
@hjghassell
@DrDRMiller
»det er et voldsomt slag mod CBS på mange måder. Regeringens plan vil f CBS betyde tab af 45-55 mio om året. Derfor er vi nødt til at lukke uddannelser, fordi det har en langt større besparende effekt, end hvis vi beskærer udd pladser flere steder på CBS«
This Wednesday
@hyeyoungyou
will visit
@CBScph
to give the keynote at the Money in Politics workshop series. A couple of weeks ago, we hosted
@AizenbergEllis
and Ben Barber. Shoot me a message if you're around Copenhagen and interested in attending (this week or in the future)!
Fascinating. This paper shows that a soft gender quota on Danish boards increased the probability that women with family connections to the firm became directors. No effect among non-connected women. 👇👇Check out the paper 👇👇
The packed room looked great from the other side, too! We have concluded day 2 of the course. We saw that firms under some conditions benefit from political connections. Thanks for having me
@StiglerCenter
@ChicagoBooth
@zingales
Another packed room for our
@StiglerCenter
minicourse with
@BCEgerod
as he interrogates how and why firms benefit financially from hiring those w/ a background in politics. Follow along live here:
@fkjoellerlarsen
burning down the house at
#EPSA2022
. Female civil servants progress faster under left-wing governments in Denmark. Driven by promotions in the top tiers of the civil service 🔥🔥🔥
Looking forward to presenting work on how the revolving door shapes access to decision-makers with
@a_rasmussen
@JensAdriaan
! Please join the webinar!
🚨Call for Papers🚨 Psyched to announce the CBS-Princeton Money in Politics conference to be held in Copenhagen, June 2024. Third iteration of the conference, always a fantastic experience. Send us your papers before Jan 5, '24!
Link: 1/2
I will be teaching a mini-course on the Political Economy of the Revolving Door at
@StiglerCenter
@ChicagoBooth
. It's going down on the 23rd and 24th of September. We'll be covering themes ranging from legislative behavior to firm performance. Link:
Day 1 of my mini-course on the political economy of the revolving door is done! Thanks to
@zingales
@StiglerCenter
@ChicagoBooth
for hosting me. Join us again tomorrow where we will examine what firms gain from hiring revolvers.
"The revolving door between politics and the private sector is not a strictly American phenomenon- it’s pervasive throughout western politics, but the US is an extreme case because it’s so much more lucrative here to step through the door."
@BCEgerod
Have the honor of discussing some great work today at
#EPSA2022
w/
@nelson_ruizg
. First up:
@StillerYannick
with a survey experiment on 1k legislators from 47 countries. ♀️ Legislators are more willing to support workers losing out from free trade. Great stuff
Er den interessante vinkel her ikke, at regionsrådsformanden er blevet betalt for at facilitere lobbyarrangementer inden for digitalisering af sundhedsvæsenet? Viser hvor sindssygt mange gråzoner, når man hverken regulerer lobby eller politikeres bibeskæftigelse som DK
#dkpol
.
@SophieHAndersen
påstår i
@berlingske
, at hun ikke vidste hendes forvaltning ikke måtte hjælpe hende, i forbindelse med et privat lønnet sidejob. Det er godt nok en sløj søforklaring, fra en tidliger embedsmand der er uddannet i statskundskab
#dkpol
@joshmccrain
gave a fantastic keynote on the role of human capital among congressional staffers yesterday at our second money in politics workshop at
@CBScph
. Thanks to all participants and presenters for great discussion 1/2
Den 18. marts holder jeg en keynote til
@TransparencyDK
25 års jubilæum. Kom forbi hvis du vil høre mere om svingdøren mellem det offentlige og det private.
Vil du vide mere om vores aktuelle arbejde, blive klogere på svingdørsansættelser eller være med til at fejre vores 25 års jubilæum, så kom til vores åbne generalforsamling den 18. Marts. Oplæg og taler ved bl.a.
@BCEgerod
@triermogensen
@VictoriaV_EL
@Enhedslisten
@SFpolitik
Godt at I vil afbøde de værste konsekvenser. Men det med inddragelse klinger lidt hult, når I ikke var interesserede i at lytte til sektoren, da vi forudsagde konsevenserne. Desuden skæres der på HUM, fordi det er billigst. Langt dyrere, hvis I tvinger nedskæring til andre steder
We will have our second small
#MoneyInPolitics
workshop on Nov 23, where
@joshmccrain
will give the keynote. If you're close to
@CBScph
and would like to participate, send me an email! Here's a link to the call: Funded by the
@Carlsbergfondet
We're hiring an assistant professor in Business & Government
@CBScph
. If you're applying for the job, make sure to sign up for a pre-interview at
@APSAtweets
. Check out
@fhollenbach
thread for more info 👇👇
🚨Call for Papers🚨 Psyched to announce the CBS-Princeton Money in Politics conference to be held in Copenhagen, June 2024. Third iteration of the conference, always a fantastic experience. Send us your papers before Jan 5, '24!
Link: 1/2
Cavlingkomiteen har netop afgjort, hvem der skal modtage
#cavlingprisen
2020.
Hvem det er, afsløres i morgen fra kl. 15. Du kan følge med direkte her:
#dkmedier