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jspenkuch's profile
Jörg Spenkuch
Jörg Spenkuch
Jörg Spenkuch
@jspenkuch

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Jörg Spenkuch

@jspenkuch

Associate Professor @KelloggSchool. // Economics, politics & data. // RTs ≠ endorsements. // Tweets self-destruct after 3 months.

Chicago, IL
jspenkuch.github.io
Joined May 2013

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    Jörg Spenkuch‏ @jspenkuch 5 Dec 2018

    "Natural Disasters, Moral Hazard, and Special Interests in Congress" new paper with E. Kaplan & H. Yuan Disasters temporarily crowd out news coverage of politics. At the same time, congresspeople pivot towards the positions of special-interest donors. https://www.dropbox.com/s/znkeiffyw7osadi/natural_disasters.pdf?dl=1 …pic.twitter.com/oLJp1FLNoQ

    9:27 AM - 5 Dec 2018
    • 51 Retweets
    • 108 Likes
    • John Jiafei Nicolás Pazos Stephen Juturu Yuru Fu Elliott Ash Alfonso Sanchez, CFA Ethan Porter cmmcd
    4 replies 51 retweets 108 likes
      1. New conversation
      1. Moshe Hoffman‏ @Moshe_Hoffman 6 Dec 2018
        Replying to @jspenkuch

        Very nice paper.

        1 reply 0 retweets 0 likes
      2. Moshe Hoffman‏ @Moshe_Hoffman 6 Dec 2018
        Replying to @Moshe_Hoffman @jspenkuch

        Can you tell which special interest groups they are leaning towards (and hence what is creating the moral hazard problem)? Is it ones that are giving them jobs after they leave office? Funding their campaigns? Giving their spouses sinecure positions?...?

        1 reply 0 retweets 0 likes
      3. Jörg Spenkuch‏ @jspenkuch 6 Dec 2018
        Replying to @Moshe_Hoffman

        We use campaign donations to for connections between representatives and special interests. That's not to say that these other kinds of "goodies" don't matter, we just don't have good data on them.

        1 reply 0 retweets 1 like
      4. Moshe Hoffman‏ @Moshe_Hoffman 6 Dec 2018
        Replying to @jspenkuch

        You see more of an effect for one party than another? (Perhaps one party more beholden to less palatable special interests?)

        1 reply 0 retweets 0 likes
      5. Moshe Hoffman‏ @Moshe_Hoffman 6 Dec 2018
        Replying to @Moshe_Hoffman @jspenkuch

        Or any evidence this is only a thing for unpalatable special interests? (Have a way of measuring that? Presumably fine to be good to veterans, even if everyone is watching.)

        1 reply 0 retweets 0 likes
      6. Jörg Spenkuch‏ @jspenkuch 6 Dec 2018
        Replying to @Moshe_Hoffman

        Unfortunately, we don't have much statistical power do comparative statics. At this point, the answer is "I don't know."

        0 replies 0 retweets 2 likes
        7. End of conversation
      2. New conversation
      1. Geoff Lorenz‏ @GeoffLorenz 6 Dec 2018
        Replying to @jspenkuch

        Interesting idea. Is the implication that legislators wait on votes that please special interests at the expense of constituents until there’s a disaster to provide them cover? Are the bills voted on immediately after a disaster comparable to other bills?

        1 reply 0 retweets 1 like
      2. Jörg Spenkuch‏ @jspenkuch 6 Dec 2018
        Replying to @GeoffLorenz

        We find no evidence that passage votes are strategically scheduled to coincide with disasters. In light of that, we believe the mechanism is moral hazard, conditional on the issues of the day.

        0 replies 0 retweets 2 likes
        3. End of conversation
      1. Arun Advani‏ @arunadvaniecon 7 Dec 2018
        Replying to @jspenkuch

        CC: @mirko_draca @ellliottt

        0 replies 0 retweets 1 like
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      1. Ian R. Turner‏ @ianRturner 5 Dec 2018
        Replying to @jspenkuch

        cc: @keithschnak

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