Effect of Income on Trust: Evidence from the 2009 Economic Crisis in Russia

• 成果类型: Article
• 署名作者: Ananyev, Maxim; Guriev, Sergei
• 署名单位: University of California System; University of California Los Angeles; Institut d'Etudes Politiques Paris (Sciences Po)
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12612
• 发表日期: 2019
• 页码: 1082-1118
• 关键词: generalized trust; culture; communism; origins; determinants; CORRUPTION; location; breaking; legacies; GROWTH

摘要

This article draws on a natural experiment to identify the relationship between income and trust. We use a unique panel data set on Russia where GDP experienced an 8% drop in 2009. The effect of the crisis had been uneven among Russian regions because of their differences in industrial structure inherited from the Soviet period. After instrumenting average regional income by Soviet industrial structure, we find that 10% decrease in income is associated with a five percentage point decrease in social trust. We also find that post-crisis economic recovery did not fully restore pre-crisis trust level.