Legislative compensation: An econometric analysis
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Coen, Clinton D. 2016. Legislative compensation: An econometric analysis. --In Proceedings: 12th Annual Symposium on Graduate Research and Scholarly Projects. Wichita, KS: Wichita State University, p. 33
Abstract
In this econometric project I look at legislative compensation across the fifty states to see if market theories hold; market theory would suggest that higher legislative pay would yield better performance. My hypothesis is that market theories will hold, the states with higher compensation rates will see better results. I use ordinary least squares regression: some of my dependent variables include GDP per capita, unemployment, graduation rates, and more. The results, as a whole are inconclusive, because it cannot be determined if increased legislative compensation results in increased legislative performance. While the results are inconclusive there are some valuable results of the analysis. A large portion of the variables display a positive relationship: some of these positive correlations are more desirable than others.
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Research completed at Department of Economics, Barton School of Business