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Is Money the Measure of Welfare in Russia?

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  • Rose, Richard
  • McAllister, Ian
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    Abstract

    The transformation of a non-market to a market economy ought to change fundamentally the significance of money incomes for welfare. Whereas in a stressful non-market economy such as the former Soviet Union, non-monetized resources could substitute for money income and promote welfare, in a modern market economy money income should be a good proxy for household welfare. This article tests the extent to which Russians are now in a modern market economy by analyzing data from nationwide Russian surveys in January, 1992, and April, 1994. Modern influences are increasingly important as a determinant of the distribution of money incomes, but not as an influence upon household welfare. The 'randomness' of temporary disruptions of welfare is in accord with Rawlsian principles of equity. Copyright 1996 by The International Association for Research in Income and Wealth.

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    Bibliographic Info

    Article provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.

    Volume (Year): 42 (1996)
    Issue (Month): 1 (March)
    Pages: 75-90

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    Handle: RePEc:bla:revinw:v:42:y:1996:i:1:p:75-90

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    Cited by:
    1. Carol Graham & Stefano Pettinato, 2001. "Happiness, Markets, and Democracy: Latin America in Comparative Perspective," Journal of Happiness Studies, Springer, vol. 2(3), pages 237-268, September.
    2. Ravallion, Martin & Lokshin, Michael, 1999. "Who wants to redistribute? Russia's tunnel effect in the 1990's," Policy Research Working Paper Series 2150, The World Bank.
    3. Osberg, L. & Xu, K., 1998. "Poverty Intensity- How Well Does Canada Compare? ," Department of Economics at Dalhousie University working papers archive 98-05, Dalhousie, Department of Economics.
    4. Magdalena M. Muszynska, 2006. "Woman’s employment and union disruption in a changing socio-economic context: the case of Russia," MPIDR Working Papers WP-2006-027, Max Planck Institute for Demographic Research, Rostock, Germany.
    5. Ravallion, Martin & Lokshin, Michael, 2000. "Identifying welfare effects from subjective questions," Policy Research Working Paper Series 2301, The World Bank.
    6. Selezneva, Ekaterina, 2011. "Surveying transitional experience and subjective well-being: Income, work, family," Economic Systems, Elsevier, vol. 35(2), pages 139-157, June.
    7. Kenneth Smith, 2003. "Individual Welfare in the Soviet Union," Social Indicators Research, Springer, vol. 64(1), pages 75-105, October.
    8. Lokshin, Michael & Umapathi, Nithin & Paternostro, Stefano, 2004. "Robustness of subjective welfare analysis in a poor developing country - Madagascar 2001," Policy Research Working Paper Series 3191, The World Bank.
    9. Ravallion, Martin & Lokshin, Michael, 2000. "Who wants to redistribute?: The tunnel effect in 1990s Russia," Journal of Public Economics, Elsevier, vol. 76(1), pages 87-104, April.
    10. Christoph Bühler, 2003. "Additional work, family agriculture, and the birth of a first or a second child in Russia at the beginning of the 1990s," MPIDR Working Papers WP-2003-012, Max Planck Institute for Demographic Research, Rostock, Germany.
    11. Shireen Kanji, 2011. "Labor Force Participation, Regional Location, and Economic Well-Being of Single Mothers in Russia," Journal of Family and Economic Issues, Springer, vol. 32(1), pages 62-72, March.
    12. Kim, Byung-Yeon, 2003. "Informal economy activities of Soviet households: size and dynamics," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 532-551, September.
    13. Arabsheibani, Reza & Staneva, Anita V., 2012. "Is There an Informal Employment Wage Premium? Evidence from Tajikistan," IZA Discussion Papers 6727, Institute for the Study of Labor (IZA).

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