TY - BOOK AU - Dal Bó,Ernesto AU - Rossi,Martín A. ED - National Bureau of Economic Research TI - Term length and political performance T2 - NBER working paper series AV - HB1 .N38 no. 14511 PY - 2008/// CY - Cambridge, Mass. PB - National Bureau of Economic Research KW - Legislators KW - Term of office KW - Argentina KW - Politics, Practical N1 - Includes bibliographical references (p. 23-25) N2 - We evaluate the effects of the duration of legislative terms on the performance of legislators. We exploit a natural experiment in the Argentine House of Representatives where term lengths were assigned randomly. Results for various objective measures of legislative output show that longer terms enhance legislative performance. We use a second experiment in the Argentine Senate to determine whether our results are specific to a particular chamber and a particular time. The results from the Senate reinforce the idea that longer terms enhance legislative productivity. Our results highlight limits to classic theories of electoral discipline (Barro 1973, Ferejohn 1986) predicting that shorter terms, by tightening accountability, will incentivize hard work by politicians. We discuss and test possible explanations. Our results suggest that the "accountability logic" is overcome by an "investment logic." UR - http://www.nber.org/papers/w14511 ER -