Wr. Reed et al., THE RELATIONSHIP BETWEEN CONGRESSIONAL SPENDING AND TENURE WITH AN APPLICATION TO TERM LIMITS, Public choice, 94(1-2), 1998, pp. 85-104
Whether term limits would increase or decrease federal spending depend
s on the reason for the causal relationship between tenure and spendin
g. We investigate this subject by empirically studying congressional s
pending and tenure for all United States House and Senate members who
entered Congress between the 94th and 102nd Congresses (1975-1992). As
our measure of congressional spending we use the National Taxpayers U
nion's Congressional Spending Scores. Our study finds that a statistic
ally significant relationship exists between congressional spending an
d tenure for some groups of congressmen. We then test three hypotheses
relating tenure and spending. No single hypothesis is consistent with
all of our empirical results. Nevertheless, the small sizes of the em
pirical effects estimated in this study suggest that term limits would
have an inconsequential impact on the level of federal spending-at le
ast via the ''moral hazard'' mechanisms described in this paper.