IDEAS home Printed from https://ideas.repec.org/a/spr/empeco/v66y2024i2d10.1007_s00181-023-02466-y.html
   My bibliography  Save this article

Expropriation, money, and happiness: the impact of state theft in Russia

Author

Listed:
  • Steven B. Caudill

    (Florida Atlantic University)

  • João Ricardo Faria

    (Florida Atlantic University)

  • Franklin G. Mixon

    (Columbus State University)

  • Elliott H. Young

    (Smith & Nephew)

Abstract

The historically high prevalence of property extraction in transition nations provides a unique opportunity to explore the intersection of institutional economics and the economics of happiness. This study examines how instances of prior property confiscation affect the self-reported quality of life following political-economic transition in Russia during the early 1990s. Using retrospective data from the Social Stratification in Eastern Europe after 1989 project, we estimate both traditional ordered logit models and random-effects ordered logit models, the latter of which addresses clustering of respondents by region of the country. Our results indicate that prior property confiscation experiences lead to a gap between the probabilities of realizing the extreme values of life satisfaction of 21.1–26.5%-points, with prior property confiscation experiences decreasing (increasing) the probability of greater (lesser) life satisfaction.

Suggested Citation

  • Steven B. Caudill & João Ricardo Faria & Franklin G. Mixon & Elliott H. Young, 2024. "Expropriation, money, and happiness: the impact of state theft in Russia," Empirical Economics, Springer, vol. 66(2), pages 483-501, February.
    • Handle: RePEc:spr:empeco:v:66:y:2024:i:2:d:10.1007_s00181-023-02466-y
    DOI: 10.1007/s00181-023-02466-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00181-023-02466-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00181-023-02466-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Happiness; Life satisfaction; Property rights; Confiscation; Expropriation;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:empeco:v:66:y:2024:i:2:d:10.1007_s00181-023-02466-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.