Is there a partisan component to perceptions of inflation?
P12-S298-1
Presented by: Shaun Bowler
This paper asks the research question whether there is a partisan component to voter perceptions of inflation in the UK. Our answer is that there is both a political and partisan component to perceptions of inflation. While it seems to be the case that there is little difference in perceptions of either current or future inflation rates along party lines, there are sizable differences along party lines when it comes to attributing the causes of inflation. Furthermore, it is also the case that perceptions of inflation vary strongly and consistently by one’s income. Less well-off voters see inflation as being much higher than do the better-off. This effect is one that reinforces the relevance of recent discussions on the calculation of measures of inflation and underscores the point that there are heterogenous affects across the electorate in the political economy of inflation. Taken together, these results suggest that rather than talking about “the” economy we might better recognize the variation in experience and understanding in economic circumstances. It is not that – in terms of experiences and understanding - there are multiple economies, but there are sizable differences in what voters see taking place – and why it is taking place.
Keywords: voting and the economy
partisanship
perceptions of the economy