Wednesday 12 May 2021, 1.00PM to 2:00 pm
Speaker(s): Ben Lockwood (Warwick)
Host: Andrew Pickering
Abstract: This paper makes three contributions. First, it presents a theoretical analysis of how social capital, formalized as trust in politicians, impacts on government performance and turnover, employing a political agency model with both moral hazard and adverse selection. Second, it presents novel measures of both local government performance and on social capital at the Italian municipality level, using administrative data and an online survey respectively. Third, empirical results are consistent with the main predictions of the theory; higher social capital improves government performance, both in the first and second terms in office, but also increases turnover of incumbent mayors.
Location: ZOOM (details to follow)
Admission: All welcome