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

Author

Listed:
  • Maxim Ananiev

    (UCLA - University of California [Los Angeles] - UC - University of California)

  • Sergei Guriev

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

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.

Suggested Citation

  • Maxim Ananiev & Sergei Guriev, 2019. "Effect of Income on Trust: Evidence from the 2009 Economic Crisis in Russia," SciencePo Working papers Main hal-03391891, HAL.
    • Handle: RePEc:hal:spmain:hal-03391891
    DOI: 10.1111/ecoj.12612
    as

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