Baden and the Modern State by Selgert Felix;
Author:Selgert, Felix;
Language: eng
Format: epub
Publisher: De Gruyter
Published: 2018-02-26T16:00:00+00:00
Table 3.24: Marginal effects of tenure and assessment.
Notes: a The computation is based on the average real income of 1.56. b The computation is based on the average tenure of 17 years.
The panel regression illustrates the importance of district magistrates’ performance in regard to administrative processes and rules of professional conduct as well as magistrates’ seniority for the level of real income and the velocity of promotion. But how important are the two variables quantitatively? In order to answer this question, we have to analyze marginal effects.
Table 3.24 compares the effect of an increase of one year of tenure on the average real income with the effect of an increase in the share of good assessments by 10 percentage points at an average tenure of 17 years (cf. descriptive statistics, Table 3.23).
Both effects are not negligible ranging from 4.5 to 3.2% in the case of the tenure variable and from 3.4% to 1.8% in the case of the assessment variable. Measured in grams of silver and given average income, this represents a range of 495 to 352 grams for the former variable and a range of 374 to 198 grams for the latter variable. Given these values, the tenure effect is larger. Yet, the performance-effect does increase with tenure. Therefore, the performance effect gains importance with increasing tenure. There is a second caveat. In Table 3.24, I assume a marginal effect of 10 percentage points. However, the share of good assessments is distributed very unevenly with a high concentration at the two ends of the distribution 0.0 and 1.0 and at 0.5 (cf. Figure 3.8). Thus, an increase of at least 50 percentage points is more plausible which would lead to a higher performance effect.
Figure 3.8: Frequency distribution of the share of good assessments.
Download
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.
International Integration of the Brazilian Economy by Elias C. Grivoyannis(108187)
The Radium Girls by Kate Moore(12012)
Turbulence by E. J. Noyes(8038)
Nudge - Improving Decisions about Health, Wealth, and Happiness by Thaler Sunstein(7689)
The Black Swan by Nassim Nicholas Taleb(7101)
Rich Dad Poor Dad by Robert T. Kiyosaki(6597)
Pioneering Portfolio Management by David F. Swensen(6280)
Man-made Catastrophes and Risk Information Concealment by Dmitry Chernov & Didier Sornette(6001)
Zero to One by Peter Thiel(5782)
Secrecy World by Jake Bernstein(4738)
Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance by Janet Gleeson(4459)
The Age of Surveillance Capitalism by Shoshana Zuboff(4273)
Skin in the Game by Nassim Nicholas Taleb(4232)
The Money Culture by Michael Lewis(4188)
Bullshit Jobs by David Graeber(4177)
Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb(3986)
The Dhandho Investor by Mohnish Pabrai(3752)
The Wisdom of Finance by Mihir Desai(3726)
Blockchain Basics by Daniel Drescher(3571)