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Short-term leaders should make long-term appointments

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  • Amihai Glazer
  • Vesa Kanniainen

Abstract

Top decision-makers (such as the U.S. President) often serve short terms, but make decisions with consequences long after they are gone. (Appointments of judges or of Federal Reserve Board members are two examples.) When a leader can choose his effort on an appointment, the organization’s performance may increase when the minimum term for an appointment increases, and when decisions are irreversible. In addition, ideological preferences can lead to better appointments. Copyright Springer Science + Business Media, LLC 2007

Suggested Citation

  • Amihai Glazer & Vesa Kanniainen, 2007. "Short-term leaders should make long-term appointments," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(1), pages 55-69, February.
    • Handle: RePEc:kap:itaxpf:v:14:y:2007:i:1:p:55-69
    DOI: 10.1007/s10797-006-6741-9
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    2. Amihai GLAZER & Stef PROOST, 2008. "Capital-intensive projects induce more effort than labor-intensive projects," Working Papers of Department of Economics, Leuven ces0831, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.

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