Abstract:
Today the concept of trust plays an important role in
economics, but there is a lack of both works devoted to the
determinants of generalized trust in modern Russia and re lationships between the crises and trust. The Russian econ omy has suffered several significant recessions in recent
years, the most serious of which were crises of 2008 and
2014. It would be interesting to check whether there was a
trust change after these events in Russia. The current study
has two purposes: the first one is to identify determinants
of trust in modern Russia, the second one is to check
whether the economic crises of 2008-2009 and 2014-2015
affected the level of generalized trust with the assumption
that only population of working age was affected. The study is based on the RLMS-HSE survey. For the purposes
of this paper the random-effects ordered logistic models
and difference-in-difference ordered logistic models are
used. We conclude that the most important determinants
of trust are political confidence, age, living in a country side, higher education; the 2008 crisis did not make influ ence on trust, where as the 2014 crisis affected on the trust
in a positive direction due to the “propaganda effect”.
