Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21109
Authors: 
Ferrer-i-Carbonell, Ada
van Praag, Bernard M. S.
Year of Publication: 
2001
Series/Report no.: 
IZA Discussion paper series 259
Abstract: 
This paper is intended to shed light on the extent of poverty in the Russian Federation. We present estimates of poverty lines and poverty ratios derived from subjective questions used in a during data collection for a large household panel (RUSSET). We estimate poverty using a subjective approach, where the level of the poverty line is derived using the opinion of the individual, rich or poor, on poverty. This approach differs from the objective approach to poverty, which defines poverty according to the opinion of experts. Three subjective poverty lines are presented: one the Financial Satisfaction Poverty Line, two the Leyden Poverty Line, and three the Subjective Well-Being Poverty Line. The first two poverty lines are based on subjective questions regarding income and economic welfare while the last concept focuses on satisfaction with life as a whole. The results obtained are compared with each other and with results derived using ´objektive´measures and official figures.
Subjects: 
Poverty
subjective poverty
Leyden approach
well-being
financial satisfaction
Russian Federation
JEL: 
C21
D31
D60
I32
Document Type: 
Working Paper

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