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Our study is the first one to document such strong and heterogeneous age and tenure effects.
Among founder-CEOs, the age and tenure effects are even stronger.
We find that tenure effects for the US Senate are negative or small and that incumbents face weaker challengers than candidates running for open seats.
Tenure effects are concave in shape.
Therefore, tenure effects might mask the age effects on the likelihood of participation as tenure and age are positively correlated.
However, their focus is on tenure effects rather than neighbourhood effects.
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Median tenure effect is weak and average directorship does not have a significant effect for small firms.
"For the high-pay CEOs, with high overconfidence and high tenure, the effects are just crazy," he says.
Undergraduate studies lie beyond this column's purview, but Hacker and Dreifus's examination of tenure's effects is highly relevant.
Conversely role conflict and tenure had negative effects although the latter finding was not consistent with other literature [ 22].
"George" may have gotten a small bump during George H. W. Bush's brief tenure, but the effect wasn't durable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com