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Does generalized trust depend on income?

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  • Alexeev, Michael

Abstract

In a recent article, Ananyev and Guriev (2019) used Russian gross regional product (GRP) data to argue that income changes strongly affected generalized trust during 2008–9 crisis. I show that GRP changes were a poor proxy for regional household incomes during the crisis. Substituting household incomes for GRP eliminates all statistical significance of the relevant coefficients and in some specifications even changes the coefficient signs.

Suggested Citation

  • Alexeev, Michael, 2020. "Does generalized trust depend on income?," Economics Letters, Elsevier, vol. 196(C).
    • Handle: RePEc:eee:ecolet:v:196:y:2020:i:c:s0165176520303153
    DOI: 10.1016/j.econlet.2020.109517
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    References listed on IDEAS

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    1. Alexeev, Michael & Chernyavskiy, Andrey, 2018. "A tale of two crises: Federal transfers and regional economies in Russia in 2009 and 2014–2015," Economic Systems, Elsevier, vol. 42(2), pages 175-185.
    2. Maxim Ananyev & Sergei Guriev, 2019. "Effect of Income on Trust: Evidence from the 2009 Economic Crisis in Russia," The Economic Journal, Royal Economic Society, vol. 129(619), pages 1082-1118.
    3. Anders Aslund & Sergie Guriev & Andrew Kuchins (ed.), 2010. "Russia after the Global Economic Crisis," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4976.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ivanov, Denis, 2023. "Institutional reforms and social trust: Quasi-experimental evidence from the Caucasian states," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 829-859.
    2. Jalan, Akanksha & Matkovskyy, Roman & Urquhart, Andrew & Yarovaya, Larisa, 2023. "The role of interpersonal trust in cryptocurrency adoption," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).

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    More about this item

    Keywords

    Social capital; Trust; Business cycle; Russian economy;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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