General anti-finance resentment does not drive the Nazi vote effect.

Evidence

We use votes for the Volksrechtspartei (VRP), a party that sought a revaluation of (old) Marks, as an indicator of suffering and antipathy towards the financial sector. In column (1) areas that gave the VRP more votes did not support the Nazis more after the onset of the banking crisis. Moreover, adding the VRP vote share in column (2) does not affect the coefficient on danat. — Sebastian Doerr et al., Financial Crises and Political…, 141

Categorization

  • XREF: connects to: Anti-finance sentiment alone cannot explain the Danat effect on Nazi voting — Sebastian Doerr et al., Financial Crises and Political…, 141; Local Jewish financial presence did not amplify the Danat effect on Nazi voting — Sebastian Doerr et al., Financial Crises and Political…, 142; Absent local amplification does not rule out anti-finance sentiment operating through national framing. — Sebastian Doerr et al., Financial Crises and Political…, 143

Broader Connections