By Glenn R. Parker
What could you do if, the very day you have been employed, you knew you may be unemployed in as low as years? you would search possibilities on your present task to enhance a portfolio of talents and contacts with a view to make your self extra appealing to destiny employers. Representatives and senators take into consideration their jobs in Congress during this means, in accordance with Glenn R. Parker.While in place of work, individuals of Congress plan now not only for the subsequent election yet for the subsequent level in their careers. through networking, serving on committees, and championing specific laws, they intentionally collect human capital---expertise, networks, and reputation---which later will provide them bargaining energy within the task marketplace. Parker's research of the postelective careers of greater than two hundred former participants of Congress, either U.S. representatives and senators, who've left workplace over the past part century indicates that such strategic making plans more often than not succeeds. typically, the human capital those politicians accumulated whereas in workplace elevated their occupational mobility and incomes power.Capitol Investments bargains a cosmopolitan but obtainable research of the purchase and marketability of political abilities. It means that an expertise of the alternate in human capital shapes an officeholder's activities up to the will to win one other election.Glenn R. Parker is unique Professor within the division of Political technological know-how at Purdue collage.
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Additional info for Capitol Investments: The Marketability of Political Skills (Economics, Cognition, and Society)
This is not to discount or even diminish the role of opportunity and luck in shaping these investment plans; nonetheless, it is not too much of a stretch in logic or imagination to anticipate that rational legislators will have expectations of how investments in certain legislative experiences will bene‹t them in the present as well as once they leave Congress, and then plan their activities (that is, investments) accordingly. Nor do we intend to minimize the effects of career longevity and electoral safety.
Speci‹c and General Training There are a number of ways to describe training in Congress. First and perhaps foremost would be in terms of formality. Training on the job, “ranges from formally organized activities such as apprenticeships and other training programs to the informal processes of learning from experience” (Mincer 1962, 50). Formal congressional training can occur, for example, through efforts to familiarize new legislators with the mechanics of constituency services (Fiorina 1989, 52), the running of legislative of‹ces, and the use of congressional prerogatives.
Economic situations include many examples of rational expectations that lend considerable validity to the notion that anticipation of future conditions in›uences current behavior. For example, the price of agricultural commodities depends on the number of acres planted, which in turn depends 1. While inducements to of‹ceholders, such as bribery, constitute the types of spot-market transactions that are less subject to cheating, they entail greater danger. Quid pro quo transactions between politicians and special interests are the only type of exchanges where corruption—that is, bribery—can be legally claimed.