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Do senators and house members beat the stock market? Evidence from the STOCK Act

Study of all trades in public stocks by senators and House members from 2012 to 2020, by William Belmont, Bruce Sacerdote, Ranjan Sehgal and Ian Van Hoek, in the Journal of Public Economics, 2022.

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Dates
2022
Also known as
Belmont and others 2022
The debate

What it found

We find no evidence of superior investment performance whether we look in aggregate or at Senators specifically accused of informed trading.1

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Timeline 2 dates
  1. 2022 Do senators and house members beat the stock market? Evidence from the STOCK Act
  2. 2022 Bruce Sacerdote authored Do senators and house members beat the stock market? Evidence from the STOCK Act
Proof 1 source
  1. Do senators and house members beat the stock market? Evidence from the STOCK Act (abstract), Journal of Public Economics, via IDEAS/RePEc, 2022. Scholarship & press
    We find no evidence of superior investment performance whether we look in aggregate or at Senators specifically accused of informed trading.
    Belmont, William & Sacerdote, Bruce & Sehgal, Ranjan & Van Hoek, Ian, 2022.
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