Advanced Search
MyIDEAS: Login

Perceptions of economic insecurity: Evidence from Russia

Contents:

Author Info

  • Linz, Susan J.
  • Semykina, Anastasia

Abstract

Economic insecurity is an inherent characteristic of the transition from a planned economy to a market-oriented economy and workers' assessments of their economic insecurity have direct consequences not only for their happiness/well-being, but also on consumption and saving behavior. This study utilizes data from the nationally representative Russian Longitudinal Monitoring Survey to study perceptions of economic insecurity among workers in both rural and urban settlements. Analyzing three measures of perceived economic insecurity, we find that perceptions of insecurity were higher when economic conditions were deteriorating (1995-1998), and lower when economic conditions had stabilized (2000-2004). While perceived insecurity varies substantially by worker characteristics-those with less education, women, and unskilled and semi-skilled manual workers feel most vulnerable-, differences in observed characteristics explain a relatively small part of the ruralurban perceptions gap; other factors, such as different rates of economic recovery in rural and urban locales are also important. Individual well-being and household consumption tend to be lower when concerns about economic insecurity are present.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6W8Y-50G696K-1/2/f2ca10c1dc273349d6dcfc1284e46b5b
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Economic Systems.

Volume (Year): 34 (2010)
Issue (Month): 4 (December)
Pages: 357-385

as in new window
Handle: RePEc:eee:ecosys:v:34:y:2010:i:4:p:357-385

Contact details of provider:
Postal: Landshuter Str. 4, 93047 Regensburg
Phone: +49-(0)941-943 54 10
Fax: +49-(0)941-943 54 27
Email:
Web page: http://www.elsevier.com/locate/inca/621171
More information through EDIRC

Related research

Keywords: Perceptions Economic insecurity Russia Gender Rural-urban differences;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Steven J. Haider & Melvin Stephens, 2007. "Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 247-264, May.
  2. I. Maslova & T. Baranenkova, 2004. "Informal Employment in Russia," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 47(8), pages 59-72, January.
  3. Stanislav Kolenikov & Anthony Shorrocks, 2005. "A Decomposition Analysis of Regional Poverty in Russia," Review of Development Economics, Wiley Blackwell, vol. 9(1), pages 25-46, 02.
  4. Ruut Veenhoven, 2001. "Are the Russians as Unhappy as they say they are?," Journal of Happiness Studies, Springer, vol. 2(2), pages 111-136, June.
  5. Charles F. Manski & John D. Straub, 2000. "Worker Perceptions of Job Insecurity in the Mid-1990s: Evidence from the Survey of Economic Expectations," Journal of Human Resources, University of Wisconsin Press, vol. 35(3), pages 447-479.
  6. Erdal Tekin, 2004. "Employment, Wages, and Alcohol Consumption in Russia," Southern Economic Journal, Southern Economic Association, vol. 71(2), pages 397-417, October.
  7. Alessandra Guariglia & Byung-Yeon Kim, 2003. "Wage arrears uncertainty and precautionary saving in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 493-512, 09.
  8. Badi H. Baltagi & Ingo Geishecker, 2006. "Rational alcohol addiction: evidence from the Russian longitudinal monitoring survey," Health Economics, John Wiley & Sons, Ltd., vol. 15(9), pages 893-914.
  9. Steven Stillman, 2006. "Employment Decisions during the First Decade of Transition in Russia," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 52(2), pages 153-189.
  10. Andrew Benito, 2002. "Does Job Insecurity Affect Household Consumption?," Banco de Espa�a Working Papers 0225, Banco de Espa�a.
  11. Graham, Carol & Eggers, Andrew & Sukhtankar, Sandip, 2004. "Does happiness pay?: An exploration based on panel data from Russia," Journal of Economic Behavior & Organization, Elsevier, vol. 55(3), pages 319-342, November.
  12. Simon Clarke, 1999. "Poverty in Russia," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 42(5), pages 5-55, September.
  13. Ogloblin, Constantin & Brock, Gregory, 2005. "Wage determination in urban Russia: Underpayment and the gender differential," Economic Systems, Elsevier, vol. 29(3), pages 325-343, September.
  14. Jarkko Turunen, 2004. "Leaving state sector employment in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(1), pages 129-152, 03.
  15. Stephen Deloach & Annie Hoffman, 2002. "Russia's second shift: Is housework hurting women's wages?," Atlantic Economic Journal, International Atlantic Economic Society, vol. 30(4), pages 422-432, December.
  16. Melvin Stephens, 2004. "Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 253-269, February.
  17. Susan J. Linz & Anastasia Semykina & Charles Petrin, 2006. "Perceptions and Behavior: Analyzing Wage Arrears in Russia," William Davidson Institute Working Papers Series wp869, William Davidson Institute at the University of Michigan.
  18. Carl Chiarella & Roberto Dieci & Xue-Zhong He, 2005. "Heterogeneous Expectations and Speculative Behaviour in a Dynamic Multi-Asset Framework," Research Paper Series 166, Quantitative Finance Research Centre, University of Technology, Sydney.
  19. Morwitz, Vicki G & Pluzinski, Carol, 1996. " Do Polls Reflect Opinions or Do Opinions Reflect Polls? The Impact of Political Polling on Voters' Expectations, Preferences, and Behavior," Journal of Consumer Research, University of Chicago Press, vol. 23(1), pages 53-67, June.
  20. Elizabeth Brainerd, 2000. "Women in transition: Changes in gender wage differentials in Eastern Europe and the former Soviet Union," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 54(1), pages 138-162, October.
  21. Newell, Andrew & Reilly, Barry, 1996. "The gender wage gap in Russia: Some empirical evidence," Labour Economics, Elsevier, vol. 3(3), pages 337-356, October.
  22. Z. Khotkina, 2001. "Female Unemployment and Informal Employment in Russia," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 43(9), pages 20-33, January.
  23. Mu, Ren, 2006. "Income Shocks, Consumption, Wealth, and Human Capital: Evidence from Russia," Economic Development and Cultural Change, University of Chicago Press, vol. 54(4), pages 857-92, July.
  24. Alexandre Kolev & Anne Pascal, 2002. "What keeps pensioners at work in Russia? Evidence from Household Panel Data," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 10(1), pages 29-53, March.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Lokshin, Michael & Gimpelson, Vladimir & Oshchepkov, Aleksey, 2012. "Explaining the Dynamics in Perceptions of Job Insecurity in Russia," IZA Discussion Papers 6422, Institute for the Study of Labor (IZA).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:ecosys:v:34:y:2010:i:4:p:357-385. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.