| Abstract: | Is the transition from the political sphere to highly paid and attractive private and public sector positions a common phenomenon for legislators? If so, which variables determine these career moves? To answer these questions, the following variables are utilised: (1) the expertise gathered in certain committees, (2) strong professional networks resulting from a high position in party and legislature, (3) a business-friendly ideology, (4) the deteriorating party support and networking base indicated by a failed re-nomination, and lastly (5) the political success in winning elections. To comprehensively assess these factors, this study makes use of a new dataset that comprises information on the political positions as well as the professional status of 646 former German MPs who left the Bundestag between 1998 and 2009. Using probit regression analyses, it is shown that a higher hierarchical position in parliament and party and acquired expertise influence the probability of subsequently holding a more attractive private or public sector position. Moreover, the way in which legislators leave parliament – be it due to failed nomination, a scandal or failed re-election –serves as a reliable predictor for the status of subsequent employment. |
