Drop in Lobbyist Revenues with Senate Changes
In an excellent paper titled, Revolving Door Lobbyists, Jordi Blanes i Vidal, Mirko Draca and Christian Fons-Rosen use data on the lobbying revenues of ex-Senate staffers to show that “lobbyists connected to US Senators suffer an average 24% drop in generated revenue when their previous employer leaves the Senate.“
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jonathan-cunningham reblogged this from jasencomstock and added:
Wow, that 49% drop is extreme, no wonder our incumbency rate is so high.
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