by Najiba Khazratkulova
Institutional trust reflects the security one feels about a situation because of guarantees, safety nets and other structures (structural assurance), and the belief that things are normal and customary and that everything seems to be in proper order. Lack of trust compromises the willingness of citizens and business to respond to public policies and contribute to a sustainable economic recovery. Therefore, this paper attempts to shed some light on institutional trust differentiation among employees in transition countries and identify factors affecting trust of people in institutions. In particular, OLS regression results suggest that overall life satisfaction affects all sub-categories of institutional trust positively with statistically significant magnitude.