House Members as Residual Claimants: Campaign Spending in the 1980s
Through 1992, federal election campaign laws and House rules permit U.S. Representatives holding office on 8 January 1980, to personally claim unspent campaign contributions when they retire, while other House members have to forfeit such sums. These rules provide differential incentives to pre-1980 members to more aggressively seek and yet refrain from spending political contributions than other House members. Regression estimates suggest that the privilege was worth almost $71,700 to the typical pre-1980 House member during the 1987–88 election cycle.
public finance, regression estimate, election campaign, election cycle, campaign contribution
Wyrick, Thomas L. "House members as residual claimants: Campaign spending in the 1980s." Public Choice 79, no. 1-2 (1994): 135-147.