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Russian Roller Coaster: Expenditure Inequality and Instability in Russia, 1994-98

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  • Jovanovic, Branko
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    Abstract

    This paper uses the second phase of the Russian Longitudinal Monitoring Survey to investigate the changes in expenditure inequality and instability in Russia between the autumn of 1994 and the autumn of 1998. The expenditure distribution is stable in spite of the economic and political turmoil Russia is going through. However, that does not imply much stability. Households experienced considerable fluctuations in their expenditure, with over 60 percent of the population's expenditure either more than doubling or falling to less than half their previous levels. Only about 6 percent of all households experienced an expenditure shock of less than 10 percent. The inquiry in expenditure mobility suggests high levels of transitory variation in the expenditure and high levels of instability. Copyright 2001 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): 47 (2001)
    Issue (Month): 2 (June)
    Pages: 251-71

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    Handle: RePEc:bla:revinw:v:47:y:2001:i:2:p:251-71

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    Cited by:
    1. Lukiyanova Anna & Oshchepkov Aleksey, 2009. "Income Mobility in Russia (2000 – 2005)," EERC Working Paper Series 09/02e, EERC Research Network, Russia and CIS.

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