Politics At Work

We thank Oriana Bandiera, Marianne Bertrand, Leonardo Bursztyn, Georgy Egorov, Dimas Fazio, Claudio Ferraz, Fred Finan, Ray Fisman, Thomas Fujiwara, Luigi Guiso, Mitchell Hoffman, Elisabeth Kempf, Judd Kessler, Davide Malacrino, Ben McCartney, Chris Moser, Phong Ngo, Emily Nix, Nancy Qian, Paul Romer, Jesse Shapiro, Andrei Shleifer, Michelle Skinner, Jorg Spenkuch, Francesco Trebbi, Miguel Urquiola, Lugi Zingales, and seminar participants at UChicago, Harvard, MIT, Berkeley, Princeton, Columbia, NYU Stern, Columbia Business School, UBC, USC, USC Marshall, UCLA Anderson, Boston College Carroll, UIUC Gies, University of Houston, EIEF, LUISS Rome, CEMFI, Stockholm University, PUC Rio, FGV Rio, Bologna, NBER Political Economy 2023, NBER Personnel Economics 2023, LACEA 2021, AEA 2021, PACDEV 2021, RIDGE 2022, the Firms, Markets and Development webinar series, the Junior Entrepreneurial Finance and Innovation group, the 2022 Petralia Workshop, the 2020 Political Economy in the Chicago Area Conference for helpful comments and suggestions. Thiago Alckmin, Gabriel Lobato, and Nicolas Pinto provided excellent research assistance. We are grateful to The University of Chicago Booth School of Business, the Fama Miller Center, the Becker Friedman Institute, and the Liew Family Junior Faculty Fellowship for financial support. IRB approval was obtained from the University of Chicago IRB (IRB No. 21-1681). The experiment in the paper was registered as AEARCTR-0009069. All errors are solely our responsibility. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• June 22, 2022