We study the link between fiscal austerity and Nazi electoral success. Voting data from a thousand districts and a hundred cities for four elections between 1930 and 1933 show that areas more affected by austerity (spending cuts and tax increases) had relatively higher vote shares for the Nazi Party. We also find that the localities with relatively high austerity experienced relatively high suffering (measured by mortality rates) and these areas’ electorates were more likely to vote for the Nazi Party. Our findings are robust to a range of specifications including an instrumental variable strategy and a border-pair policy discontinuity design.

中文翻译：

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紧缩与纳粹党的崛起

我们研究财政紧缩与纳粹选举成功之间的联系。1930 年至 1933 年间四次选举的一千个地区和一百个城市的投票数据显示，受紧缩影响（削减开支和增加税收）影响较大的地区对纳粹党的投票份额相对较高。我们还发现，紧缩政策相对较高的地区经历了相对较高的苦难（以死亡率衡量），这些地区的选民更有可能投票给纳粹党。我们的研究结果对一系列规范具有稳健性，包括工具变量策略和边界对策略不连续性设计。