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Did Nazis save more? Household saving an ideology in pre-war National Socialist Germany

Author

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  • Robin Winkler

    () (Balliol College, University of Oxford)

Abstract

It is commonly thought that the rapid increase in household saving during the early years of National Socialism was partly driven by ideological factors. On this view, the popularity of the regime allowed it to exert ‘moral suasion’ on households to save more than they might have done in the absence of such indoctrination. This paper employs the previously unpublished raw data from a household budget survey conducted in 1937 to identify ideological heterogeneity at the household level. Assuming that households’ responsiveness to the regime’s saving propaganda was a function of their exogenous ideological commitment to National Socialism, the paper tests the hypothesis that Nazi households saved more than others. The new evidence presented here does not confirm this hypothesis.

Suggested Citation

  • Robin Winkler, 2013. "Did Nazis save more? Household saving an ideology in pre-war National Socialist Germany," Oxford University Economic and Social History Series _119, Economics Group, Nuffield College, University of Oxford.
  • Handle: RePEc:nuf:esohwp:_119
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    File URL: http://www.economics.ox.ac.uk/materials/papers/12887/Finkler%20119.pdf
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    References listed on IDEAS

    as
    1. Schmidt-Hebbel, Klaus & Webb, Steven B & Corsetti, Giancarlo, 1992. "Household Saving in Developing Countries: First Cross-Country Evidence," World Bank Economic Review, World Bank Group, vol. 6(3), pages 529-547, September.
    2. Dmitry Kulikov & Karsten Staehr, "undated". "Microeconometric analysis of household saving in Estonia: income, wealth, financial exposure," Bank of Estonia Working Papers wp2007-8, Bank of Estonia, revised 03 Feb 2015.
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    More about this item

    Keywords

    German economic history; National Socialism; household saving;

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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