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Does economic adversity affect whether people vote? Data from the November 1974 Current Population Survey are used to estimate the effect that unemployment, poverty, and a decline in financial well-being have on voter turnout. Each economic problem suppresses participation. These individual level findings are corroborated with aggregate time-series data from presidential and midterm elections since 1896. When a person suffers economic adversity his scarce resources are spent holding body and soul together, not on remote concerns like politics. Economic problems both increase the opportunity costs of political participation and reduce a person's capacity to attend to politics.
Steven J. Rosenstone (Mon,) studied this question.