Life Satisfaction, Subjective Wealth, and Adaptation to Vulnerability in the Russian Federation During 2002-2017

52 Pages Posted: 30 Mar 2020

See all articles by Hai-Anh Dang

Hai-Anh Dang

World Bank - Development Data Group (DECDG)

Kseniya Abanokova

National Research University Higher School of Economics

Michael Lokshin

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

Abstract

We offer the first study on vulnerability adaptation to subjective well-being, using rich panel data over the past two decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer vulnerability spells being associated with more negative subjective welfare. Similar results hold for other outcomes including satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective wealth, particularly for longer durations of vulnerability. Higher education levels generally exhibit a stronger lack of adaptation. The lack of adaptation to vulnerability is, however, similar at different education levels for subjective wealth. We also find a U-shaped relationship between age and durations of vulnerability and disability to have the most negative impacts on life satisfaction and subjective wealth.

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

JEL Classification: D6, I3, O1

Suggested Citation

Dang, Hai-Anh H. and Abanokova, Kseniya and Lokshin, Michael, Life Satisfaction, Subjective Wealth, and Adaptation to Vulnerability in the Russian Federation During 2002-2017. IZA Discussion Paper No. 13058. Available at SSRN: https://ssrn.com/abstract=3562848

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/

Kseniya Abanokova

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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

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