printTrust as a Determinant of Subjective Well-Being in Russia
Antipina O.N.
Doc. Sci. (Econ.), Prof., Faculty of Economics, Lomonosov MSU, Moscow, Russia. antipinaon@my.msu.ru
Krivitskaya A.D.
Manager, Sberbank, Moscow, Russia krivitskaiaanna@gmail.com
Antipina O.N., Krivitskaya A.D. Trust as a Determinant of Subjective Well-Being in Russia. Sotsiologicheskie issledovaniya [Sociological Studies]. 2024. No 2. P. 36-47
The article considers social trust as a key element in the structure of social capital. Based on the results of international and Russian research, the role of trust in socioeconomic development and its impact on subjective life satisfaction is revealed. We discuss the circumstances of the “trust deficit” as a possible reason for Russia’s significant lag behind the leading countries in world happiness ratings. The data sources for our empirical research are the Russia Longitudinal Monitoring Survey – Higher School of Economics (RLMS-HSE) and the World Values Survey. In our empirical analysis, special attention is paid to overcoming the problem of endogeneity, which arises as a result of two-way causal relationships between trust and happiness. The hypothesis of a significant positive effect of generalized social trust on life satisfaction in Russia is confirmed by the results of econometric modelling. Our results fit into the broad context of international studies of the social capital impact on subjective assessments of the quality of life. Based on Russian data, we confirm the conclusion that the impact of increasing social capital on subjective well-being across the whole society is strongly positive. The conclusion of our work concerns the possibility of raising the subjective well-being of Russians by improving informal institutions by means of social trust strengthening.
AlmakaevaA.M. (2014) Measuring Generalized Trust in Cross-Cultural Studies. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 11: 32–43. (In Russ.)
AndreenkovaA.V. (2018) Stability and Change in Social Attitudes of Russians and Europeans in 2002–2016s. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 10: 66–76. DOI: 10.31857/S013216250002159-7. (In Russ.)
Antipina O. (2017) Economy, Culture and Happiness: Is There Interconnection? Mirovaya ekonomika i mezhdunarodnye otnosheniya [World Eсonomy and International Relations]. Vol. 61. No. 7: 35–44. DOI: 10.20542/0131-2227-2017-61-7-35-44. (In Russ.)
Antipina O.N., Krivitskaya A.D. (2022) Economy and Happiness in Russia: Empirical Analysis. Voprosy ekonomiki [Questions of Economic]. No. 8: 48–67. DOI: 10.32609/0042-8736-2022-8-48-67. (In Russ.)
Auzan A.A., Bakhtigaraeva A.I., Bryzgalin V.A. et al. (2020) Sociocultural Factors in Economics: Milestones and Perspectives. Voprosy ekonomiki [Questions of Economic]. No. 7: 75–91. DOI: 10.32609/0042-8736-2020-7-75-91. (In Russ.)
Auzan A.A., Nikishina Е.N. (2013) Economic Dynamics in the Long Run: The Role of Informal Institutions. Zhurnal Ekonomicheskoy Teorii [The Russian Journal of Economic Theory]. No. 4: 48–57. (In Russ.)
Bakhtigaraeva A.I., Stavinskaya A.A. (2020) Can Trust Become a Factor of Economic Growth? Dynamic Changes in the Level of Trust of Russian Youth. Voprosy Ekonomiki [Questions of Economic]. No. 7: 92–107. DOI: 10.32609/0042-8736-2020-7-92-107. (In Russ.)
Fukuyama F. (1999) Social Capital and Civil Society. Conference on Second Generation Reforms. IMF Institute and the Fiscal Affairs Department. IMF Headquarters, Washington, D.C. November 8–9, URL: https://www.imf.org/external/pubs/ft/seminar/1999/reforms/fukuyama.htm (accessed 16.07.2023).
Glatz C., Eder A. (2020) Patterns of Trust and Subjective Well-Being Across Europe: New Insights from Repeated Cross-Sectional Analyses Based on the European Social Survey 2002–2016. Social Indicators Research. Vol. 148: 417–439. DOI: 10.1007/s11205-019-02212-x.
Gómez-Balcácer L., Somarriba Arechavala N., Gómez-Costilla P. (2023) The Importance of Different Forms of Social Capital for Happiness in Europe: A Multilevel Structural Equation Model (GSEM). Applied Research Quality Life. Vol. 18: 601–624. DOI: 10.1007/s11482-022-10097-1.\
Growiec K., Growiec J. (2014) Trusting Only Whom You Know, Knowing Only Whom You Trust: The Joint Impact of Social Capital and Trust on Happiness in CEE Countries. Journal of Happiness Studies. Vol. 15: 1015–1040. DOI: 10.1007/s10902-013-9461-8.
Harun R., Ahmad S., Sabri S.M. (2021) The Influence of Social Media on Social Capital: Development of Small Business Growth. In: Proceedings of the 2nd International Conference on Multi-Disciplinary Research. Langkawi, Malaysia. EISBN: 978-967-2963-03-5.\
HelliwellJ.F., Layard R., Sachs J.D. et al., eds. (2023) World Happiness Report 2023. New York: Sustainable Development Solutions Network.
HelliwellJ.F., Layard R., Sachs J.D. et al., eds. (2022) World Happiness Report 2022. New York: Sustainable Development Solutions Network.
Helliwell J.F., Layard R., Sachs J.D., de Neve J-E., eds (2020) World Happiness Report 2020. New York: Sustainable Development Solutions Network.
Helliwell J.F., Layard R., Sachs J.D., eds. (2017) World Happiness Report 2017. New York: Sustainable Development Solutions Network.
HelliwellJ.F., Putnam R.D. (2004) The Social Context of Well-Being. Philosophical Transactions of the Royal Society B: Biological Sciences. Vol. 359. No. 1449: 1435–1446. DOI: 10.1098/rstb.2004.1522.
Inglehart R.F. (2018) Cultural Evolution: How People’s Motivations are Changing and How this is Changing the World. Moscow: Mysl’. (In Russ.)
Knack S., Keefer P. (1997) Does Social Capital Have an Economic Payoff? A Cross-Country Investigation. The Quarterly Journal of Economics. Vol. 112. No. 4: 1251–1288.
Kozyreva P.M., NizamovaA.E., SmirnovA.I. (2015) Happiness and its Determinants. Part I. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 12: 120–132. (In Russ.)\
Kozyreva P.M., NizamovaA.E., SmirnovA.I. (2016) Happiness and its Determinants. Part. 2. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 1: 66–76. (In Russ.)
KuchenkovaA.V. (2016) Interpersonal Trust in Russian Society. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 1: 26–36. (In Russ.)
Kuchenkova A.V., Tatarova G.G. (2019) «Life-cycle Stage» as a Determinant of Personal Subjective Wellbeing. Sotsiologicheskie issledovaniya [Sociological Studies]. No. 8: 30–43. DOI: 10.31857/S013216250006135–1. (In Russ.)
Kyne D., Aldrich D.P. (2020) Capturing Bonding, Bridging, and Linking Social Capital through Publicly Available Data. Risk, Hazards & Crisis in Public Policy. Vol. 11. No. 1: 61–86. DOI: 10.1002/rhc3.12183.
Latova N.V. (2017) Dynamics and Factors of Life Satisfaction of Russians (1997–2017). Sotsiologicheskie issledovaniya [Sociological Studies]. No. 12: 65–78. DOI: 10.7868/S0132162517120078. (In Russ.)
Majeed M.T., Samreen I. (2021) Social Capital as a Source of Happiness: Evidence from a Cross-Country Analysis. International Journal of Social Economics. Vol. 48. No. 1: 159–179. DOI: 10.1108/IJSE-10–2019–0602.
Peiró-Palomino J., Tortosa-Ausina E. (2021) Formal and Informal Institutions as Drivers of Life Satisfaction in European Regions. In: Almakaeva A., Moreno A., Wilke R. (eds) Social Capital and Subjective Well-Being: Insights from Cross-Cultural Studies. Cham: Springer: 159–174. DOI: 10.1007/978-3-030-75813-4.
Polterovich V.М. (2016) Institutional Reforms and Civil Culture. Istoricheskaya i social’no-obrazovatel’naya mysl’ [Historical and Social Educational Ideas]. Vol 8. No. 2/2: 225–238. DOI: 10.17748/2075-9908-2016-8-2/2-225-238. (In Russ.)
Prasetyo P.E., Setyadharma A., Kistanti N.R. (2020) The Role of Social Capital in New Products Development and Business Competitiveness Enhancement. International Journal of Scientific & Technology Research. Vol. 9. No. 3: 1838–1843.
Pugno M., Verme P. (2012) Life Satisfaction, Social Capital and the Bonding-Bridging Nexus. The World Bank. Policy Research Working Paper. No. 5945. DOI: 10.1596/1813–9450–5945
Putnam R.D. (1995) Bowling Alone: America’s Declining Social Capital. Journal of Democracy. Vol. 6. No. 1: 65–78.
Sociocultural Factors of Innovative Development and Successful Implementation of Institutional Reforms. (2017) Moscow: СSR. URL: https://www.csr.ru/upload/iblock/f63/f635b8ff6dbc50dd4160d5142966675c.pdf (accessed 16.07.2023) (In Russ.)
Tran D.T., Lee L.Y., Nguyen P.T., Srisittiratkul W. (2020) How Leader Characteristics and Leader Member Exchange Lead to Social Capital and Job Performance. The Journal of Asian Finance, Economics and Business. Vol. 7. No. 1: 269–278.