Quo Vadis? Career paths of Brazilian regulators

• 成果类型: Article
• 署名作者: Peci, Alketa; Santos, Aline de Menezes; Pino Oliveira de Araujo, Bruno Cesar
• 署名单位: Getulio Vargas Foundation; Instituto de Pesquisa Economica Aplicada (IPEA)
• 刊物名称: REGULATION & GOVERNANCE
• ISSN/ISSBN: 1748-5983
• DOI: 10.1111/rego.12348
• 发表日期: 2022
• 页码: 470-486
• 关键词: optimal matching analysis; REVOLVING-DOOR; sequence-analysis; LATIN-AMERICA; diffusion; agencies; LIFE; politicians; channels

摘要

Research about professional trajectories of regulators highlights the exchange of personnel from independent regulatory agencies (IRAs) to the private sector, mainly based on US evidence. However, current studies indicate that revolving doors in different contexts may share more nuances, reflecting the role of different political institutions. Here we rely on sequence analysis to explore the trajectories of 117 Brazilian board members of IRAs, investigating: What are their typical professional trajectories? Which career path receives most of the benefits in postterm positions? The analysis uncovers five clusters of career paths in which most regulators do not transition between the public and private sectors but still benefit in direct and indirect ways from serving terms in IRAs. A different mix of market/bureaucratic/political incentives plays a role in the patterns of professional trajectories we uncover in Brazil. Depending on the context, regulators' trajectories might be driven by either market or state forces.