War, Inflation, and Social Capital

Sergei Guriev and Nikita Melnikov
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Nikita Melnikov: State University Higher School of Economics

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Abstract: We use weekly data from 79 Russian regions to measure the impact of economic shocks and proximity to war in Ukraine on social capital in Russian regions. We proxy social capital by the relative intensity of internet searches for the most salient dimensions of pro-social behavior such as "donate blood", "charity", "adopt a child" etc. This measure of social capital is correlated with a survey-based measure of generalized social trust. Our search-based measure of social capital responds negatively to the spikes of inflation and positively to the intensity of the conflict in Ukraine (controlling for region and week fixed effects).

Date: 2016-05
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03392015
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Published in American Economic Review, 2016, 106 (5), pp.230 - 235. ⟨10.1257/aer.p20161067⟩

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Journal Article: War, Inflation, and Social Capital (2016)
Working Paper: War, Inflation, and Social Capital (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03392015

DOI: 10.1257/aer.p20161067

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