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KDI 경제교육·정보센터

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한국관련자료
Government Support in Times of Crisis: Transfers and the Road to Socialism
CEPR
2025.03.20
Despite economic crises, incumbents often retain electoral support. We study Chile’s 1970-1973 infant nutrition program under Salvador Allende’s left-wing government and attribute this electoral resilience to the political returns of transfers during crises. The program provided milk to preschoolers, reducing infant mortality and bolstering electoral support despite hyperinflation and economic hardship. Using administrative data, surveys, and variation in crisis severity, we show transfers had greater political returns in areas most affected by the crisis. Survey evidence suggests voters swayed by transfers did not blame the government for the crisis. Our findings highlight how transfers and crisis perceptions sustain electoral popularity.