By Glenn R. Parker
What may you do if, the very day you have been employed, you knew you may be unemployed in as low as years? you'll search possibilities on your present task to improve a portfolio of talents and contacts as a way to make your self extra appealing to destiny employers. Representatives and senators take into consideration their jobs in Congress during this approach, in line with Glenn R. Parker.While in place of work, participants of Congress plan no longer in simple terms for the subsequent election yet for the following degree in their careers. by means of networking, serving on committees, and championing specific laws, they intentionally acquire human capital---expertise, networks, and reputation---which later will provide them bargaining strength within the task marketplace. Parker's research of the postelective careers of greater than 2 hundred former contributors of Congress, either U.S. representatives and senators, who've left workplace over the last part century exhibits that such strategic making plans normally succeeds. in general, the human capital those politicians collected whereas in place of work elevated their occupational mobility and incomes power.Capitol Investments bargains a cosmopolitan but obtainable research of the purchase and marketability of political talents. It means that an wisdom of the alternate in human capital shapes an officeholder's activities up to the need to win one other election.Glenn R. Parker is individual Professor within the division of Political technological know-how at Purdue collage.
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Additional info for Capitol Investments: The Marketability of Political Skills (Economics, Cognition, and Society)
What functions do these prominent features of the political landscape play in the production of legislators’ human capital? The simple answer is that all of these factors work in concert to encourage the production and accumulation of human capital. We recognize that these political factors have other functions to perform elsewhere in the legislative process, but this does not preclude their involvement in the production of marketable human capital. Interest Groups Strong theoretical and empirical reasons exist for the belief that lobbyists provide policymakers with valuable information (see, for example, Austen-Smith and Wright 1992; Ainsworth 1993; Austen-Smith 1993).
Thus, skills and knowledge of congressional politics cannot be, and are not taken, for granted regardless of precongressional experience. ” We consider on-the-job training in politics to include the acquisition of contacts, knowledge, and information as well as skills and experience. Speci‹c and General Training There are a number of ways to describe training in Congress. First and perhaps foremost would be in terms of formality. Training on the job, “ranges from formally organized activities such as apprenticeships and other training programs to the informal processes of learning from experience” (Mincer 1962, 50).
Human capital production and the expected returns from it also offer an alternative to conventional explanations for why certain policies seem to dominate the legislative process. Earmarked legislative appropriations and bureaucratic regulations, for example, represent opportunities for legislators to develop as well as to demonstrate their political skills. Such policies have obvious economic implications, and those skilled in manipulating public policies in this fashion are likely to be in demand.