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Term Length and the Quality of Appointments

Author

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  • Amihai Glazer
  • Vesa Kanniainen

Abstract

Consider a principal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the quality of the appointment may increase with the length of the agent?s term. Moreover, policies such as mandatory retirement which increase a prinicpal?s concern for output after he leaves office, may induce better hiring.

Suggested Citation

  • Amihai Glazer & Vesa Kanniainen, 2000. "Term Length and the Quality of Appointments," CESifo Working Paper Series 380, CESifo.
    • Handle: RePEc:ces:ceswps:_380
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    References listed on IDEAS

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    8. Alesina, Alberto & Tabellini, Guido, 1988. "Credibility and politics," European Economic Review, Elsevier, vol. 32(2-3), pages 542-550, March.
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    Cited by:

    1. Glazer, A. & Kanniainen, V., 2000. "The Effects of Employment Protection on the Choice of Risky Projects," University of Helsinki, Department of Economics 487, Department of Economics.

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    More about this item

    Keywords

    Hiring; tenure; quality of appointment;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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