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The institutional and economic context of the formation of Non-financial Wealth in Russian Households: From privatization to acquisition. / Bogomolova, Tatyana; Cherkashina, Tatyana.

In: Mir Rossii, Vol. 27, No. 2, 01.01.2018, p. 62-89.

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@article{d3e584214cd04b1fac85808b7567d759,
title = "The institutional and economic context of the formation of Non-financial Wealth in Russian Households: From privatization to acquisition",
abstract = "mechanism of household mass involvement in the 'ownership' of non-financial wealth. Increasing economic prosperity at the beginning of 2000s paved the way for new institutional mechanisms, such as the development of consumer (and then mortgage) lending, the launch of government programs for the development of housing construction, the automotive industry. These opened up relatively broad opportunities (and risks) to Russians to increase non-financial wealth through the acquisition of property. During 1991-2014, the proportion of households owning housing assets and vehicles increased steadily, however, the proportion of land owners and owners of production assets fluctuated. In the same period the share of households not owning any non-financial assets decreased significantly. Yet there is an apparent tendency towards polarization: the fractions of households that witnessed the highest growth were the ones with only a single asset in ownership and the ones owning more than three assets.",
keywords = "Household wealth, Institutional conditions, Non-financial assets, Privatization, Social change, Stratification, household wealth, institutional conditions, non-financial assets, stratification, privatization, social change",
author = "Tatyana Bogomolova and Tatyana Cherkashina",
year = "2018",
month = jan,
day = "1",
doi = "10.17323/1811-038X-2018-27-2-62-89",
language = "English",
volume = "27",
pages = "62--89",
journal = "Мир России. Социология. Этнология",
issn = "1811-038X",
publisher = "National Research University Higher School of Economics",
number = "2",

}

RIS

TY - JOUR

T1 - The institutional and economic context of the formation of Non-financial Wealth in Russian Households: From privatization to acquisition

AU - Bogomolova, Tatyana

AU - Cherkashina, Tatyana

PY - 2018/1/1

Y1 - 2018/1/1

N2 - mechanism of household mass involvement in the 'ownership' of non-financial wealth. Increasing economic prosperity at the beginning of 2000s paved the way for new institutional mechanisms, such as the development of consumer (and then mortgage) lending, the launch of government programs for the development of housing construction, the automotive industry. These opened up relatively broad opportunities (and risks) to Russians to increase non-financial wealth through the acquisition of property. During 1991-2014, the proportion of households owning housing assets and vehicles increased steadily, however, the proportion of land owners and owners of production assets fluctuated. In the same period the share of households not owning any non-financial assets decreased significantly. Yet there is an apparent tendency towards polarization: the fractions of households that witnessed the highest growth were the ones with only a single asset in ownership and the ones owning more than three assets.

AB - mechanism of household mass involvement in the 'ownership' of non-financial wealth. Increasing economic prosperity at the beginning of 2000s paved the way for new institutional mechanisms, such as the development of consumer (and then mortgage) lending, the launch of government programs for the development of housing construction, the automotive industry. These opened up relatively broad opportunities (and risks) to Russians to increase non-financial wealth through the acquisition of property. During 1991-2014, the proportion of households owning housing assets and vehicles increased steadily, however, the proportion of land owners and owners of production assets fluctuated. In the same period the share of households not owning any non-financial assets decreased significantly. Yet there is an apparent tendency towards polarization: the fractions of households that witnessed the highest growth were the ones with only a single asset in ownership and the ones owning more than three assets.

KW - Household wealth

KW - Institutional conditions

KW - Non-financial assets

KW - Privatization

KW - Social change

KW - Stratification

KW - household wealth

KW - institutional conditions

KW - non-financial assets

KW - stratification

KW - privatization

KW - social change

UR - http://www.scopus.com/inward/record.url?scp=85045433305&partnerID=8YFLogxK

U2 - 10.17323/1811-038X-2018-27-2-62-89

DO - 10.17323/1811-038X-2018-27-2-62-89

M3 - Article

AN - SCOPUS:85045433305

VL - 27

SP - 62

EP - 89

JO - Мир России. Социология. Этнология

JF - Мир России. Социология. Этнология

SN - 1811-038X

IS - 2

ER -

ID: 12581510