This year’s red carpet will have a broader fashion impact, thanks to Quevenzhane Wallis and Emmanuelle Riva.

Here comes the bride, all dressed in tea-length tulle à la Hailee Steinfeld at the 2011 Oscars.

There goes the prom queen, clad in a column of red à la Emma Stone at last year’s Academy Awards.

And here comes the holiday partygoer, flirting with her leg in a thigh-high slit à la Angelina Jolie on the 2012 Oscar red carpet.

In the fashion world, the Oscars hit at an opportune time: Just before prom and wedding seasons kick in. So it’s no surprise that the dresses paraded on the Academy Awards red carpet have an effect on what twirls across the gym floor and down the church aisle — and, months later in the special-occasion calendar, under the mistletoe.

MORE: Style details spill over from red carpet

But this year, the Oscar Effect will reach even more wardrobes, those of young girls and older women, as the youngest- and oldest-ever best actress nominees, Quvenzhané Wallis and Emmanuelle Riva, vie for the trophy — and inject freshness into two wedges of the formal wear market that are woefully lacking, or so stylists, designers and editors hope.

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