Browsed by
Tag: Income

Age and wealth effects

Age and wealth effects

When thinking about how voting patterns differ with age, people distinguish between three types of effect: Age effects: The effect is a factor of the person’s age. For example, maybe young people are more likely to vote for a party promising lower tuition fees and old people for a party promising higher pensions. With an age effect, as people get older, their voting patterns will change. Cohort effects: The effect relates to a specific cohort of people (e.g. those born…

Read More Read More

%d bloggers like this: