Perceptions of economic insecurity: Evidence from Russia
AbstractEconomic 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 InfoIf 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.
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 InfoArticle provided by Elsevier in its journal Economic Systems.
Volume (Year): 34 (2010)
Issue (Month): 4 (December)
Contact details of provider:
Postal: Landshuter Str. 4, 93047 Regensburg
Phone: +49-(0)941-943 54 10
Fax: +49-(0)941-943 54 27
Web page: http://www.elsevier.com/locate/inca/621171
More information through EDIRC
Perceptions Economic insecurity Russia Gender Rural-urban differences;
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.:
- 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.
- Steven Haider & Melvin Stephens Jr., 2004.
"Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations,"
NBER Working Papers
10257, National Bureau of Economic Research, Inc.
- 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.
- 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.
- 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.
- Badi H. Baltagi & Ingo Geishecker, 2006.
"Rational alcohol addiction: evidence from the Russian longitudinal monitoring survey,"
John Wiley & Sons, Ltd., vol. 15(9), pages 893-914.
- Baltagi, Badi H. & Geishecker, Ingo, 2006. "Rational Alcohol Addiction: Evidence from the Russian Longitudinal Monitoring Survey," IZA Discussion Papers 2134, Institute for the Study of Labor (IZA).
- Badi H. Baltagi & Ingo Geishecker, 2006. "Rational Alcohol Addiction: Evidence from the Russian Longitudinal Monitoring Survey," Center for Policy Research Working Papers 81, Center for Policy Research, Maxwell School, Syracuse University.
- 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.
- 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.
- Andrew Benito, 2004.
"Does job insecurity affect household consumption?,"
Bank of England working papers
220, Bank of England.
- 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.
- 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.
- I. Maslova & T. Baranenkova., 2003.
"Informal Employment in Russia,"
N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
- Charles F. Manski & John D. Straub, .
"Worker Perceptions of Job Insecurity in the Mid-1990s: Evidence from the Survey of Economic Expectations,"
IPR working papers
98-27, Institute for Policy Resarch at Northwestern University.
- 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.
- Charles F. Manski & John D. Straub, 1999. "Worker Perceptions of Job Insecurity in the Mid-1990s: Evidence from the Survey of Economic Expectations," NBER Working Papers 6908, National Bureau of Economic Research, Inc.
- Erdal Tekin, 2004. "Employment, Wages, and Alcohol Consumption in Russia," Southern Economic Journal, Southern Economic Association, vol. 71(2), pages 397-417, October.
- Newell, Andrew & Reilly, Barry, 1996. "The gender wage gap in Russia: Some empirical evidence," Labour Economics, Elsevier, vol. 3(3), pages 337-356, October.
- 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.
- 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.
- Chiarella, Carl & Dieci, Roberto & He, Xue-Zhong, 2007.
"Heterogeneous expectations and speculative behavior in a dynamic multi-asset framework,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 62(3), pages 408-427, March.
- 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.
- 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.
- Melvin Stephens, Jr., 2003.
"Job Loss Expectations, Realizations, and Household Consumption Behavior,"
NBER Working Papers
9508, National Bureau of Economic Research, Inc.
- 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.
- 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.
- Kolenikov, Stanislav & Shorrocks, Anthony, 2003. "A Decomposition Analysis of Regional Poverty in Russia," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- 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.
- Simon Clarke, 1999. "Poverty in Russia," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 42(5), pages 5-55, September.
- 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.
- 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.
- 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).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.