Research output: Contribution to journal › Article › peer-review
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.Research output: Contribution to journal › Article › peer-review
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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