TY  - GEN
AU  - Aruoba, S. Boragan
AU  - Drazen, Allan
AU  - Vlaicu, Razvan
TI  - Research Insights: How Do Elections Affect Policy Outcomes?
PY  - 2020
Y1  - 2020/10/16
DO  - 10.18235/0002765
AB  - The opportunity to run for reelection provides a significant incentive for incumbent U.S. governors to exert effort, creating a disciplining effect. This improves policy outcomes by 4.9 percent. Reelected governors are more aligned with voters than non-reelected governors, meaning that elections induce a selection effect. This selection improves policy outcomes by 2.9 percent. The widely used two-term election regime improves voter welfare by 4.2 percent compared to a one-term regime. Better voter information about governor effort further increases voter welfare by up to 0.5 percent.
UR  - https://doi.org/10.18235/0002765
ER  -