G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10354
DP10354 Effect of Income on Trust: Evidence from the 2009 Crisis in Russia
Sergei Guriev; Maxim Ananyev
发表日期2015-01-18
出版年2015
语种英语
摘要This paper draws on a natural experiment to identify the relationship between income and trust. We use a unique panel dataset on Russia where GDP experienced an 8 percent drop in 2009. The effect of the crisis had been very uneven among Russian regions because of their differences in industrial structure inherited from the Soviet times. We find that the regions that specialize in producing capital goods, as well as those depending on oil and gas, had a more substantial income decline during the crisis. The variation in the industrial structure allows creating an instrument for the change in income. After instrumenting average regional income, we find that the effect of income on generalized social trust (the share of respondents saying that most people can be trusted) is statistically and economically significant. Controlling for conventional determinants of trust, we show that 10 percent decrease in income is associated with 5 percentage point decrease in trust. Given that the average level of trust in Russia is 25%, this magnitude is substantial. We also find that post-crisis economic recovery did not restore pre-crisis trust level. Trust recovered only in those regions where the 2009 decline in trust was small. In the regions with the large decline in trust during the crisis, trust in 2014 was still 10 percentage points below its pre-crisis level.
主题Development Economics ; Public Economics
关键词Trust Social capital Crisis
URLhttps://cepr.org/publications/dp10354
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539185
推荐引用方式
GB/T 7714
Sergei Guriev,Maxim Ananyev. DP10354 Effect of Income on Trust: Evidence from the 2009 Crisis in Russia. 2015.
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