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.
