{"id":4213,"date":"2012-05-17T12:00:06","date_gmt":"2012-05-17T16:00:06","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=4213"},"modified":"2012-12-29T02:16:34","modified_gmt":"2012-12-29T07:16:34","slug":"are-politicians-really-that-corrupt","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/are-politicians-really-that-corrupt\/","title":{"rendered":"Are Politicians Really That Corrupt?"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/05\/051712_0809_ArePolitici1.png\" \/><\/p>\n<p>Ray Fisman* reports that data from India suggests that politicians aren&#8217;t as corrupt as they are commonly believed to be. Highlights from his study include:<\/p>\n<ul>\n<li>On average the wealth of an elected politician grows by 6% relative to the runner-up that they beat.<\/li>\n<li>This can add up: after five years this means an additional $60,000 in wealth.<\/li>\n<li>This is more than the few thousand dollars that politicians can expect to earn through their salary. But in absolute terms the figure is much lower than one would expect.<\/li>\n<li>Those who are appointed to cabinet level posts truly benefit. Their wealth increases by 15% compared to those who lost against them.<\/li>\n<li>However to be appointed to a cabinet level position requires you to be intelligent and skilled \u2013 the very qualities that are likely to lead to a higher income in the first place.<\/li>\n<li>Politicians who come from the private sector and are re-elected actually see their income grow by less than their opponent.<\/li>\n<\/ul>\n<p>To read more about why this paints a fairly benign picture of Indian corruption, some potential deficiencies in the study, why this study was possible, the methodology behind it, and what happens to the wealth of incumbents, click <a href=\"http:\/\/www.slate.com\/articles\/business\/the_dismal_science\/2012\/04\/how_corrupt_are_politicians_in_india_at_least_being_in_parliament_doesn_t_pay_.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.slate.com\/articles\/business\/the_dismal_science\/2012\/04\/how_corrupt_are_politicians_in_india_at_least_being_in_parliament_doesn_t_pay_.html\">Slate<\/a><\/p>\n<p>Via: <a href=\"http:\/\/www.freakonomics.com\/2012\/05\/11\/what-do-indian-politicians-and-drug-dealers-have-in-common\/\">Freakonomics<\/a><\/p>\n<p>*Centives incorrectly spelled Mr. Fisman&#8217;s name as &#8220;Ray Fishman&#8221;. Apologies for the error and thanks to T. Fitch for pointing this out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ray Fisman* reports that data from India suggests that politicians aren&#8217;t as corrupt as they are commonly believed to be. Highlights from his study include: On average the wealth of an elected politician grows by 6% relative to the runner-up that they beat. This can add up: after five years this means an additional $60,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-4213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/05\/051712_0809_ArePolitici1.png","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=4213"}],"version-history":[{"count":8,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4213\/revisions"}],"predecessor-version":[{"id":7466,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4213\/revisions\/7466"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/4212"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=4213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=4213"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=4213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}