Why do politicians pursue legislative careers despite executive positions often being more prestigious or lucrative?

This article examines the value of Argentine legislative seats using a regression discontinuity design. We find that marginal candidates from Peronist parties receive renomination more frequently, extending their time in office rather than directly jumping to executive roles.

Key Findings:

* Incumbency persistence is strong for previously unsuccessful (marginal) candidates

* This effect appears stronger in smaller provinces

The results suggest legislative careers can be valuable consolation prizes or stepping stones, challenging the notion that they are always 'fallback' positions.