Rich and powerful?: Subjective power and welfare in Russia
AbstractDoes"empowerment"come hand-in-hand with higher economic welfare? In theory, higher income is likely to raise both power and welfare, but heterogeneity in other characteristics and household formation can either strengthen or weaken the relationship. Survey data on Russian adults indicate that higher individual and household incomes raise both self-rated power and welfare. The individual income effect is primarily direct, rather than through higher household income. There are diminishing returns to income, though income inequality emerges as only a minor factor reducing either aggregate power or welfare. At given income, the identified covariates have strikingly similar effects on power and welfare. There are some notable differences between men and women in perceived power.
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 Journal of Economic Behavior & Organization.
Volume (Year): 56 (2005)
Issue (Month): 2 (February)
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Other versions of this item:
- Ravallion, Martin & Lokshin, Michael, 2002. "Rich and powerful? Subjective power and welfare in Russia," Policy Research Working Paper Series 2854, The World Bank.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
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.:
- Ravallion, Martin & Lokshin, Michael, 2000.
"Identifying welfare effects from subjective questions,"
Policy Research Working Paper Series
2301, The World Bank.
- Ravallion, Martin & Lokshin, Michael, 2001. "Identifying Welfare Effects from Subjective Questions," Economica, London School of Economics and Political Science, vol. 68(271), pages 335-57, August.
- Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
- Kapteyn, A.J., 1994.
"The measurement of household cost functions: Revealed preference versus subjective measures,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-364386, Tilburg University.
- Kapteyn, Arie, 1994. "The Measurement of Household Cost Functions: Revealed Preference versus Subjective Measures," Journal of Population Economics, Springer, vol. 7(4), pages 333-50, November.
- Bruno S. Frey & Alois Stutzer, .
"Happiness, Economy and Institutions,"
IEW - Working Papers
015, Institute for Empirical Research in Economics - University of Zurich.
- Winkelmann, Liliana & Winkelmann, Rainer, 1998. "Why Are the Unemployed So Unhappy? Evidence from Panel Data," Economica, London School of Economics and Political Science, vol. 65(257), pages 1-15, February.
- Anton Korinek & Johan Mistiaen & Martin Ravallion, 2006.
"Survey nonresponse and the distribution of income,"
Journal of Economic Inequality,
Springer, vol. 4(1), pages 33-55, April.
- Menno Pradhan & Martin Ravallion, 2000. "Measuring Poverty Using Qualitative Perceptions Of Consumption Adequacy," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 462-471, August.
- Pollak, Robert A., 1991.
"Welfare comparisons and situation comparisons,"
Journal of Econometrics,
Elsevier, vol. 50(1-2), pages 31-48, October.
- Pollak, R.A., 1990. "Welfare Comparisons And Situations Comparisons," Discussion Papers in Economics at the University of Washington 90-11, Department of Economics at the University of Washington.
- Pollak, R.A., 1990. "Welfare Comparisons And Situations Comparisons," Working Papers 90-11, University of Washington, Department of Economics.
- Ravallion, Martin & Lokshin, Michael, 2002. "Self-rated economic welfare in Russia," European Economic Review, Elsevier, vol. 46(8), pages 1453-1473, September.
- Oswald, Andrew J, 1997.
"Happiness and Economic Performance,"
Royal Economic Society, vol. 107(445), pages 1815-31, November.
- Oswald, Andrew, 1997. "Happiness and Economic Performance," The Warwick Economics Research Paper Series (TWERPS) 478, University of Warwick, Department of Economics.
- Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
- Basu, Kaushik & Narayan, Ambar & Ravallion, Martin, 1999. "Is knowledge shared within households?," Policy Research Working Paper Series 2261, The World Bank.
- Kapteyn, A.J., 1994. "The measurement of household cost functions: Revealed preference versus subjective measures," Discussion Paper 1994-3, Tilburg University, Center for Economic Research.
- Blanchflower, D.G. & Oswald, A.J., 1997. "A Study of Labour Markets and Youth Unemployment in Eastern Europe," The Warwick Economics Research Paper Series (TWERPS) 499, University of Warwick, Department of Economics.
- Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
- Browning, Martin, 1992. "Children and Household Economic Behavior," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1434-75, September.
- Selezneva, Ekaterina, 2011.
"Surveying transitional experience and subjective well-being: Income, work, family,"
Elsevier, vol. 35(2), pages 139-157, June.
- Ekaterina Selezneva, 2010. "Surveying transitional experience and subjective well-being : Income, work, family," Working Papers 279, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
- Leonardo Becchetti & Stefano Castriota & Nazaria Solferino, 2011. "Development Projects and Life Satisfaction: An Impact Study on Fair Trade Handicraft Producers," Journal of Happiness Studies, Springer, vol. 12(1), pages 115-138, March.
- Steven Stillman & John Gibson & David McKenzie & Halahingano Rohorua, 2012.
"Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being,"
CReAM Discussion Paper Series
1228, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
- Stillman, Steven & Gibson, John & McKenzie, David & Rohorua, Halahingano, 2012. "Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being," IZA Discussion Papers 6871, Institute for the Study of Labor (IZA).
- Martin Ravallion, 2011.
"On multidimensional indices of poverty,"
Journal of Economic Inequality,
Springer, vol. 9(2), pages 235-248, June.
- Michael Lokshin & Nithin Umapathi & Stefano Paternostro, 2006.
"Robustness of subjective welfare analysis in a poor developing country: Madagascar 2001,"
Journal of Development Studies,
Taylor & Francis Journals, vol. 42(4), pages 559-591.
- 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.
- Yonas Alem & Jonathan Colmer, 2013. "Don’t Worry, Be Happy: The Welfare Cost of Climate Variability – A Subjective Well-Being Approach," Grantham Research Institute on Climate Change and the Environment Working Papers 118, Grantham Research Institute on Climate Change and the Environment.
- Kristian Bolin & Daniel Hedblom & Anna Lindgren & Bjorn Lindgren, 2010. "Asymmetric Information and the Demand for Voluntary Health Insurance in Europe," NBER Working Papers 15689, National Bureau of Economic Research, Inc.
- Alem, Yonas & Colmer, Jonathan, 2013. "Optimal Expectations and the Welfare Cost of Climate Variability," Working Papers in Economics 578, University of Gothenburg, Department of Economics.
- Victoria Giarrizzo, 2009. "Subjective economic welfare: Beyond growth," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(28), pages 9-34, July-Dece.
- Lee, Yong-Woo, 2012. "Asymmetric information and the demand for private health insurance in Korea," Economics Letters, Elsevier, vol. 116(3), pages 284-287.
- Shmueli, Amir, 2008. "The demand for clinical information and for involvement in medical treatment decision making: An empirical examination in the general population," The Journal of Socio-Economics, Elsevier, vol. 37(5), pages 1746-1755, October.
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.