OCTOBER 2020 JONAS KLARIN PhD Candidate in Economics Uppsala University Contact Information Telephone: +46 73 - 326 2836 E-mail:
[email protected] Website: http://www.jonasklarin.com REFERENCES ………………………………………………………………………………………………… Eva Mörk, Professor in Economics, Department of Economics, Uppsala University, + 46 18 - 471 1096,
[email protected] (Supervisor) Luca Repetto, Assistant Professor of Economics, Department of Economics, Uppsala University, +46 18 - 471 1637,
[email protected] (Assistant supervisor) Henrik Jordahl, Professor in Economics, Örebro University School of Business and Research Institute of Industrial Economics (IFN), +46 - 193 0161,
[email protected] RESEARCH INTERESTS ………………………………………………………………………………………………… Public Economics, Political Economics, Applied Econometrics. JOB MARKET PAPER ………………………………………………………………………………………………… “Longer Terms, Stronger Incentives? Evidence from U.S. Governors” Abstract. This paper studies how the term length for politicians affect public finances. I test whether the gradual increase from two- to four-year terms for American governors affect state finances using a rich state-year panel stretching back almost a century. The results show that adopting four-year terms decreases yearly expenditures and revenues by 6 %. The effect of the reform is present immediately after voters approve the ballot measure, when the last two-year term governor is still in office, which suggests that the mechanism is stronger re-election incentives for the incumbent. The effect is larger among electorally ’at risk’ governors. Democratic governors respond to longer terms by increasing public employment instead of decreasing expenditures. EDUCATION ………………………………………………………………………………………………… Ph.D. in Economics, Uppsala University, 2015-2021 (Expected February 12th), Parental leave spring 2020. Phil.Lic. in Economics, Uppsala University, 2018. M.Sc. in Business and Economics, (Economics) Uppsala University, 2014.