Does generalized trust depend on income?

Michael Alexeev

Economics Letters, 2020, vol. 196, issue C

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.

Keywords: Social capital; Trust; Business cycle; Russian economy (search for similar items in EconPapers)
JEL-codes: O10 P10 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:196:y:2020:i:c:s0165176520303153

DOI: 10.1016/j.econlet.2020.109517

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