Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63221 
Year of Publication: 
2003
Series/Report no.: 
Memorandum No. 2003,23
Publisher: 
University of Oslo, Department of Economics, Oslo
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.
Subjects: 
Voting
permanent income
redistribution
JEL: 
C25
D31
D72
D91
H11
H53
Document Type: 
Working Paper

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