Publication: Dividing the Spoils: Pensions, Privatization, and Reform in Russia's Transition
dc.contributor.author | Kapstein, Ethan B. | |
dc.contributor.author | Milanovic, Branko | |
dc.date.accessioned | 2015-07-28T18:27:01Z | |
dc.date.available | 2015-07-28T18:27:01Z | |
dc.date.issued | 2000-03 | |
dc.description.abstract | The authors present a political economy model in which policy is the outcome of an interaction between three actors: government (G), managers and workers (W), and transfer recipients (P). The government's objective is to stay in power, for which it needs the support of either P or W. It can choose slow privatization with little asset stripping and significant taxation, thus protecting the fiscal base out of which it pays pensioners relatively well (as in Poland). Or it can give away assets and tax exemptions to managers and workers, who then bankroll it and deliver the vote, but it thereby loses taxes and pays little to pensioners (as in Russia). The authors apply this model to Russia for the period 1992-96. An empirical analysis of electoral behavior in the 1996 presidential election shows that the likelihood of someone voting for Yeltsin did not depend on that person's socioeconomic group per se. Those who tended to vote for Yeltsin were richer, younger, and better educated and had more favorable expectations for the future. Entrepreneurs, who had more of these characteristics, tended to vote for Yeltsin as a result, while pensioners, who had almost none, tended to vote against Yeltsin. Unlike Poland, Russia failed to create pluralist politics in the early years of the transition, so no effective counterbalance emerged to offset managerial rent-seeking and the state was easily captured by well-organized industrial interests. The political elite were reelected because industrial interests bankrolled their campaign in return for promises that government largesse would continue to flow. Russia shows vividly how political economy affects policymaking, because of how openly and flagrantly government granted favors in return for electoral support. Bur special interests, venal bureaucrats, and the exchange of favors tend to be the rule, not the exemption, elsewhere as well. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2000/03/438329/dividing-spoils-pensions-privatization-reform-russias-transition | |
dc.identifier.doi | 10.1596/1813-9450-2292 | |
dc.identifier.uri | https://hdl.handle.net/10986/22313 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Policy Research Working Paper;No. 2292 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | AGENCY PROBLEMS | |
dc.subject | ASSET STRIPPING | |
dc.subject | AUTHORITY | |
dc.subject | BANKING SYSTEMS | |
dc.subject | BOOK VALUE | |
dc.subject | BUDGETARY ALLOCATIONS | |
dc.subject | CAMPAIGN CONTRIBUTIONS | |
dc.subject | CAPITAL GAIN | |
dc.subject | CAPITAL MARKETS | |
dc.subject | CITIZENS | |
dc.subject | COMMUNISM | |
dc.subject | COMMUNIST | |
dc.subject | COMMUNIST PARTY | |
dc.subject | CORPORATE GOVERNANCE | |
dc.subject | CORRUPTION | |
dc.subject | DECENTRALIZATION | |
dc.subject | DEMOCRACY | |
dc.subject | DEVELOPMENT | |
dc.subject | DISTRICTS | |
dc.subject | ECONOMIC REFORM | |
dc.subject | ECONOMIES IN TRANSITION | |
dc.subject | ELECTED OFFICIALS | |
dc.subject | ELECTORAL SYSTEM | |
dc.subject | EMPLOYMENT | |
dc.subject | ENTERPRISE REFORM | |
dc.subject | ENTERPRISE RESTRUCTURING | |
dc.subject | FISCAL | |
dc.subject | FISCAL POLICY | |
dc.subject | FISCAL STANCE | |
dc.subject | FOREIGN INVESTORS | |
dc.subject | FOREIGN LOANS | |
dc.subject | GDP | |
dc.subject | GINI COEFFICIENT | |
dc.subject | GOVERNMENT SUBSIDIES | |
dc.subject | HEADACHES | |
dc.subject | HUMAN RESOURCES | |
dc.subject | HUMAN RESOURCES | |
dc.subject | IMPOTENCE | |
dc.subject | INCOME | |
dc.subject | INDEXATION | |
dc.subject | INDIVIDUAL ACCOUNTS | |
dc.subject | INFLATION | |
dc.subject | INFORMAL SECTOR | |
dc.subject | INTEREST RATES | |
dc.subject | LOBBYING | |
dc.subject | MACROECONOMIC POLICIES | |
dc.subject | MACROECONOMIC PROBLEMS | |
dc.subject | MACROECONOMIC STABILIZATION | |
dc.subject | MANAGERS | |
dc.subject | MARKET VALUE | |
dc.subject | PAYMENT ARREARS | |
dc.subject | PAYROLL TAXES | |
dc.subject | PENSIONS | |
dc.subject | POLITICAL CONTROL | |
dc.subject | POLITICAL ECONOMY | |
dc.subject | POLITICAL ECONOMY OF REFORM | |
dc.subject | POLITICAL ELITE | |
dc.subject | POLITICIANS | |
dc.subject | PRESIDENCY | |
dc.subject | PRIVATE SECTOR | |
dc.subject | PRIVATIZATION | |
dc.subject | PRIVATIZATION AGENCY | |
dc.subject | PROFESSIONS | |
dc.subject | PROFIT SEEKING | |
dc.subject | PUBLIC EXPENDITURE | |
dc.subject | PUBLIC OPINION | |
dc.subject | PUBLIC SECTOR | |
dc.subject | PUBLIC SPENDING | |
dc.subject | REGRESSION ANALYSIS | |
dc.subject | RENT SEEKING | |
dc.subject | RETIREMENT | |
dc.subject | SAVINGS | |
dc.subject | SCHOOLS | |
dc.subject | SMALL BUSINESS | |
dc.subject | SOCIAL POLICY | |
dc.subject | SOCIAL PROTECTION | |
dc.subject | SOCIAL SAFETY | |
dc.subject | SOCIAL SAFETY NET | |
dc.subject | SOCIAL SECURITY | |
dc.subject | SOCIAL TRANSFERS | |
dc.subject | SOCIAL WELFARE | |
dc.subject | STATE ASSETS | |
dc.subject | STATE ENTERPRISES | |
dc.subject | STATE PROPERTY | |
dc.subject | STATE REVENUES | |
dc.subject | STATE SECTOR | |
dc.subject | STATE SUBSIDIES | |
dc.subject | STATE-OWNED ENTERPRISES | |
dc.subject | TAX COLLECTION | |
dc.subject | TAX EXEMPTIONS | |
dc.subject | TAX PAYMENTS | |
dc.subject | TAX RATES | |
dc.subject | TAX REVENUES | |
dc.subject | TAXATION | |
dc.subject | TOTAL EXPENDITURES | |
dc.subject | TRANSITION ECONOMIES | |
dc.subject | VOTERS | |
dc.subject | VOTING | |
dc.subject | VOUCHER PRIVATIZATION | |
dc.subject | WAGES | |
dc.subject | WEALTH | |
dc.subject | WORKERS | |
dc.subject | WORLD POLITICS | |
dc.title | Dividing the Spoils | en |
dc.title.subtitle | Pensions, Privatization, and Reform in Russia's Transition | en |
dc.type | Working Paper | en |
dc.type | Document de travail | fr |
dc.type | Documento de trabajo | es |
dspace.entity.type | Publication | |
okr.crossref.title | Dividing the Spoils: Pensions, Privatization, and Reform in Russia's Transition | |
okr.date.disclosure | 2010-07-01 | |
okr.date.doiregistration | 2025-04-10T09:53:18.545240Z | |
okr.doctype | Publications & Research | |
okr.doctype | Publications & Research::Policy Research Working Paper | |
okr.docurl | http://documents.worldbank.org/curated/en/2000/03/438329/dividing-spoils-pensions-privatization-reform-russias-transition | |
okr.globalpractice | Social Protection and Labor | |
okr.globalpractice | Governance | |
okr.guid | 242221468780001198 | |
okr.identifier.doi | 10.1596/1813-9450-2292 | |
okr.identifier.externaldocumentum | 000094946_00022905315633 | |
okr.identifier.internaldocumentum | 438329 | |
okr.identifier.report | WPS2292 | |
okr.language.supported | en | |
okr.pdfurl | /IB/2000/03/21/000094946_00022905315633/additional/101501322_20041117153502.pdf | en |
okr.region.administrative | Europe and Central Asia | |
okr.region.country | Poland | |
okr.region.country | Russian Federation | |
okr.region.geographical | Commonwealth of Independent States | |
okr.region.geographical | Eastern Europe | |
okr.topic | Macroeconomics and Economic Growth::Economic Theory & Research | |
okr.topic | Governance::National Governance | |
okr.topic | Governance::Politics and Government | |
okr.topic | Macroeconomics and Economic Growth::Political Economy | |
okr.topic | Social Protections and Labor::Safety Nets and Transfers | |
okr.unit | Poverty and Human Resources, Development Research Group | |
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