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http://hdl.handle.net/10419/35819
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| Title: | | Inequality and volatility moderation in Russia: evidence from micro-level panel data on consumption and income  |
| Authors: | | Gorodnichenko, Yuriy Peter, Klara Sabirianova Stolyarov, Dmitriy |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA discussion papers 4233 |
| Abstract: | | We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality decreased during the 2000-2005 economic recovery. The decrease appears to be driven by falling volatility of transitory income shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent with greater self-insurance against permanent shocks and greater smoothing of transitory shocks. Comparisons of RLMS data with official macroeconomic statistics reveal that national accounts may underestimate the extent of unofficial economic activity, and that the official consumer price index may overstate inflation and be prone to quality bias. |
| Subjects: | | Inequality income consumption transition Russia |
| JEL: | | E20 J30 I30 O15 P20 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20090622155 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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