Living Standards in Russia in 2012
AbstractRapid 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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Bibliographic InfoPaper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 163.
Length: 11 pages
Date of creation: 2013
Date of revision: 2013
Publication status: Published Paper Series
Russian economy; personal income; poverty; consumption;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-26 (All new papers)
- NEP-CIS-2013-09-26 (Confederation of Independent States)
- NEP-CWA-2013-09-26 (Central & Western Asia)
- NEP-TRA-2013-09-26 (Transition Economics)
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