Does permanent income determine the vote?

Jo Lind

No 23/2004, Memorandum from Oslo University, Department of Economics

Abstract: I study to what extent voters are forward looking and how future income affects

the voting decision. Particularly, I estimate the effect of both transitory and permanent income on preferences for different parties using a panel data set from the Norwegian Election Study. To construct a proxy for permanent income, I use stated expectations about the future economic situation and an estimate of how this affects future income. It turns out that once we include the proxy for permanent income, transitory income has no explanatory power on voting behaviour, supporting the hypothesis of forward looking voting. As expected, a high expected permanent income leads to Conservative voting and a low income to Socialist voting.

Keywords: Voting; permanent income; redistribution (search for similar items in EconPapers)
JEL-codes: C25 D31 D72 D91 H11 H53 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2005-04-06
New Economics Papers: this item is included in nep-cdm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sv.uio.no/econ/english/research/unpubli ... 004/Memo-23-2004.pdf (application/pdf)

Related works:
Journal Article: Does Permanent Income Determine the Vote? (2007)
Working Paper: Does permanent income determine the vote? (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:osloec:2004_023

Access Statistics for this paper

More papers in Memorandum from Oslo University, Department of Economics Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Mari Strønstad Øverås ().