Did the Poor Adapt to Their Circumstances? Evidence from Long-Run Russian Panel Data

Economics Bulletin, Forthcoming

18 Pages Posted: 23 Oct 2019

See all articles by Hai-Anh Dang

Hai-Anh Dang

World Bank - Development Data Group (DECDG)

Michael Lokshin

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

Kseniya Abanokova

National Research University Higher School of Economics

Date Written: October 13, 2019

Abstract

Very few studies currently exist on poverty adaptation to subjective well-being. We offer analysis on poverty adaptation for Russia, a middle-income country in transition, using panel data for 2001-2017. We found no poverty adaption for life satisfaction and subjective wealth, with longer poverty spells being associated with more dissatisfaction. Similar results hold for other outcomes including satisfaction with own economic conditions, work contract, job, pay, and career, and for poverty defined using either absolute or relative thresholds. Some evidence indicates that while those living in rural areas or born outside of Russia have similar levels of poverty adaptation for life satisfaction, they may adapt less regarding subjective wealth. There is also some evidence that women may be less adaptive than men, particularly for longer poverty duration.

Keywords: poverty adaptation, satisfaction, subjective wealth, gender, panel data, Russia

JEL Classification: D6, I3, O1

Suggested Citation

Dang, Hai-Anh H. and Lokshin, Michael and Abanokova, Kseniya, Did the Poor Adapt to Their Circumstances? Evidence from Long-Run Russian Panel Data (October 13, 2019). Economics Bulletin, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3469219

Hai-Anh H. Dang (Contact Author)

World Bank - Development Data Group (DECDG) ( email )

1818 H. Street, N.W.
MC2-846
Washington, DC 20433
United States

HOME PAGE: http://sites.google.com/site/haianhhdang/

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

Kseniya Abanokova

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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