Applying bootstrapped quantile regression to the Russian Longitudinal Monitoring Survey (RLMS) data, we examine the channels through which individuals experience and seek to cope with changes in consumption. We find that married individuals living in small households, with educated heads in urban areas are better equipped to smooth consumption. Investigating the impact of idiosyncratic shocks, we find that the labour market is an important transmission mechanism allowing households to smooth their consumption but also exposing them to risk, mainly through job loss. Outside of pension payments the formal social safety net does not facilitate consumption smoothing, thus heightening the importance of informal coping institutions. It transpires that both support from relatives/friends and home production act as important insurance mechanisms for the most vulnerable.
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Length: pages Date of creation: 01 Jul 2007 Date of revision: Handle: RePEc:wdi:papers:2007-885
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Find related papers by JEL classification: I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
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Gamanou, Gisele & Morduch, Jonathan, 2002.
"Measuring Vulnerability to Poverty,"
Working Papers
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
[Downloadable!]
Ethan Ligon & Laura Schechter, 2003.
"Measuring Vulnerability,"
Economic Journal,
Royal Economic Society, vol. 113(486), pages C95-C102, March.
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