The Standard of Living: Incomes, Wages and Lending in Regions

Monitoring of Russia's Economic Outlook. Moscow. 2017. No. 22, pp. 10-14

5 Pages Posted: 2 Jan 2018

See all articles by Aleksandra Burdyak

Aleksandra Burdyak

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

Elena Grishina

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

Date Written: December 26, 2017

Abstract

In January–October 2017, households’ real disposable cash income fell by 1.3% as compared to the relevant period of 2016. It is noteworthy that real accrued wages rose by 3.0%, while the real size of assigned pensions, by 3.9%. During the fi rst three quarters of 2017, Rb 6.4 trillion worth of loans was granted to households; in nominal terms this value is equal to the level of 2013–2014. However, with the inflation rate taken into account a downturn in lending (except mortgages) amounted to about 32%, so lending could not make up for a decrease in the standard of living.

Keywords: Russian economy, living standard

JEL Classification: I31, I32

Suggested Citation

Burdyak, Aleksandra and Grishina, Elena, The Standard of Living: Incomes, Wages and Lending in Regions (December 26, 2017). Monitoring of Russia's Economic Outlook. Moscow. 2017. No. 22, pp. 10-14, Available at SSRN: https://ssrn.com/abstract=3093235 or http://dx.doi.org/10.2139/ssrn.3093235

Aleksandra Burdyak (Contact Author)

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

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia
+7 495 695 11 62 (Phone)

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

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