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Living Standards in Russia in 2012

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  • Svetlana Misikhina

    (Gaidar Institute for Economic Policy)

Abstract

Rapid economic growth early in the 2000s was accompanied by high growth rates in personal income. Personal real income grew up by 2.5 times as inequality increased insignificantly (Gini index was 0.42 in 2011 against 0.4 in 2000). In the first decade of the 21st century, the subsistence minimum increased mainly in response to its indexation to the consumer price index growth rate, thereby increasing the real personal income to subsistence minimum ratio (from 1.89 times in 2000 to 3.32 times in 2010). As a result, population with a substandard per capita money income and poverty level reduced by 2.3-2.4 times from the period between 2000 and 2010.

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File URL: http://www.iep.ru/files/RePEc/gai/ppaper/163Misikhina.pdf
File Function: Revised version, 2013
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 163.

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Length: 11 pages
Date of creation: 2013
Date of revision: 2013
Publication status: Published Paper Series
Handle: RePEc:gai:ppaper:163

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Keywords: Russian economy; personal income; poverty; consumption;

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