Exhibit 769 ยท Research paper (not peer reviewed)
"Captain Gains" on Capitol Hill (NBER Working Paper 34524)
lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 percentage points annually after ascension.
Transaction-level data on congressional trades. Finds that lawmakers who later become party leaders match peers beforehand and outperform them afterward, which the authors attribute to political influence and corporate access channels.
- Source
- Wei and Zhou, NBER
- Date
- November 2025
- Quoted from
- Abstract
- Grade
- Primary record
- Document
- https://www.nber.org/papers/w34524
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit