Resumen de The private returns to public office

Raymond Fisman, Florian Schulz, Vikrant Vig

• We study the wealth accumulation of Indian state politicians using public disclosures required of all candidates. The annual asset growth of winners is 3�5 percent higher than that of runners-up, a difference that holds also in a set of close elections. The relative asset growth of winners is greater in more corrupt states and for those holding ministerial positions. These results are consistent with a rent-seeking explanation for the relatively high rate of growth in winners� assets.