Self-Rated Economic Welfare in Russia

Posted: 2 Sep 2002

See all articles by Martin Ravallion

Martin Ravallion

Georgetown University

Michael Lokshin

World Bank - Development Research Group (DECRG); National Research University Higher School of Economics

Abstract

Most of those Russian adults who feel that they are poor are not classified as such in the poverty statistics, and most of those who are classified as poor don't feel that way. We study the determinants of peoples' perceptions of their economic welfare in an unusually rich socioeconomic survey. While income is a highly significant predictor, subjective economic welfare is influenced by many other factors including health, education, employment, assets, relative income in the area of residence and expectations about future welfare. Insights are obtained into how objective data should be weighted in assessing economic welfare.

Keywords: Subjective well-being, Poverty, Russia

JEL Classification: D60, I32

Suggested Citation

Ravallion, Martin and Lokshin, Michael, Self-Rated Economic Welfare in Russia. Available at SSRN: https://ssrn.com/abstract=326643

Martin Ravallion (Contact Author)

Georgetown University ( email )

Washington, DC 20057
United States

Michael Lokshin

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
202-473-1772 (Phone)
202-522-1153 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/mlokshin

National Research University Higher School of Economics

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
792
PlumX Metrics