{"title":"The distributional effect of a financial crisis: Russia 1899–1905","authors":"Nikita Lychakov","doi":"10.1080/03585522.2020.1786451","DOIUrl":null,"url":null,"abstract":"ABSTRACT Who pays for financial crises? This paper examines the period between the major Russian financial crisis of 1899–1902 and the Russian Revolution of 1905. Using newly constructed aggregate-level data and narrative evidence, this paper finds that in response to the crisis, the Russian government and industry transferred income and wealth from ordinary workers to industrialists and investors. The recipients of transfers weathered the crisis well and profited during the recovery, while employees’ wages and wealth fell behind.","PeriodicalId":43624,"journal":{"name":"SCANDINAVIAN ECONOMIC HISTORY REVIEW","volume":"69 1","pages":"140 - 157"},"PeriodicalIF":0.5000,"publicationDate":"2020-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/03585522.2020.1786451","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"SCANDINAVIAN ECONOMIC HISTORY REVIEW","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/03585522.2020.1786451","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 2
Abstract
ABSTRACT Who pays for financial crises? This paper examines the period between the major Russian financial crisis of 1899–1902 and the Russian Revolution of 1905. Using newly constructed aggregate-level data and narrative evidence, this paper finds that in response to the crisis, the Russian government and industry transferred income and wealth from ordinary workers to industrialists and investors. The recipients of transfers weathered the crisis well and profited during the recovery, while employees’ wages and wealth fell behind.
期刊介绍：
Scandinavian Economic History Review publishes articles and reviews in the broad field of Nordic economic, business and social history. The journal also publishes contributions from closely related fields, such as history of technology, maritime history and history of economic thought. Articles dealing with theoretical and methodological issues are also included. The editors aim to reflect contemporary research, thinking and debate in these fields, both within Scandinavia and more widely. The journal comprises a broad variety of aspects and approaches to economic and social history, ranging from macro economic history to business history, from quantitative to qualitative studies.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
