Figure 5 - uploaded by Maria De Paola
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... investigate the mechanisms behind our findings in Table 3, we distinguish between the effects on office-related compensations and political careers and the effects on the sum of labor and social security earnings. 16 Figure 5 reports the year-by-year estimates of the effects of winning a mayoral election on log labor and social security earnings, net of office-related compensations and after excluding observations with missing values. The figure shows that, starting from the election year, winners experience a penalty in their earnings with respect to runners-up, which persists until 10 years after the first election and fades away later. ...
