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

See all articles by Elena Grishina

Elena Grishina

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Svetlana Misikhina

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: October 9, 2013

Abstract

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

Grishina, Elena and Misikhina, Svetlana, The Living Standards of the Population of the Russian Federation (October 9, 2013). Russian Economic Developments. Moscow, 2013, #9, pp. 40-43, Available at SSRN: https://ssrn.com/abstract=2337926 or http://dx.doi.org/10.2139/ssrn.2337926

Elena Grishina

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

Svetlana Misikhina (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny Lane 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
Moscow, 119571
Russia

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