Inequality and volatility moderation in Russia: Evidence from micro-level panel data on consumption and income |
| |
Authors: | Yuriy Gorodnichenko Klara Sabirianova Peter Dmitriy Stolyarov |
| |
Institution: | 1. UC Berkeley, Berkeley, CA, USA;2. NBER, Cambridge, MA, USA;3. IZA, Germany;4. Georgia State University, GA, USA;5. University of Michigan, MI, USA |
| |
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 trends 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. Finally, expenditure and income inequality in Russia are not far apart. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|