The Living Standards of the Population of the Russian Federation
Russian Economic Developments. Moscow, 2013, #9, pp. 40-43
4 Pages Posted: 10 Oct 2013
Date Written: October 9, 2013
The real disposable money income of the population over the first 7 months of 2013 rose by 4.3% on the corresponding period of 2012, which happened due to an increase in wages and a somewhat less pronounced increase in pensions. The year 2013 saw a persisting though negligible upward trend in the movement of the money income inequality index. The alterations introduced in 2013 into the methodology applied for estimating the subsistence level resulted in its upward adjustment which, in its turn, pushed up the poverty level indices. When calculated in accordance with the previously applied subsistence level estimation methodology, the poverty level indices for Q1 2013 turned out to be lower than the corresponding indices for Q1 2012.
Keywords: Russian economy, living standards
JEL Classification: I31
Suggested Citation: Suggested Citation