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Household Strategies of Coping with Shocks in Post-crisis Russia

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  • Michael M. Lokshin
  • Ruslan Yemtsov

Abstract

The paper looks at the subjective evaluations of a number of coping strategies that respondents undertook to mitigate the effect on their welfare of the Russian financial crisis. Given the dramatic drop in formal cash incomes, how are people able to adapt? What are the relative importance and effectiveness of coping strategies to resist hardship in reducing poverty for different groups of households? The results of the analysis indicate that the choices of survival strategies are determined by the level of human capital in the household. The higher the household human capital, the more likely the household is to choose active strategies. Households with low human capital, households headed by pensioners, and low-educated households are more likely to be socially excluded. A specific set of policy interventions should be targeted on such households to avoid the entrenchment of poverty, and the trend toward marginalization and impoverishment of these groups should be expressly monitored. Copyright Blackwell Publishing Ltd 2004.

Suggested Citation

  • Michael M. Lokshin & Ruslan Yemtsov, 2004. "Household Strategies of Coping with Shocks in Post-crisis Russia," Review of Development Economics, Wiley Blackwell, vol. 8(1), pages 15-32, February.
  • Handle: RePEc:bla:rdevec:v:8:y:2004:i:1:p:15-32
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    Cited by:

    1. Nivorozhkina, Ludmila & Nivorozhkin, Anton & Abazieva, Kamilla, 2010. "Drop in consumption associated with retirement. The regression discontinuity design approach," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 19(3), pages 112-126.
    2. Laurine Martinoty, 2014. "Intra-Household Coping Mechanisms in Hard Times: the Added Worker Effect in the 2001 Argentine Economic Crisis," Post-Print halshs-01076566, HAL.
    3. Irina Denisova, 2007. "Entry to and Exit from Poverty in Russia: Evidence from Longitudinal Data," Working Papers w0098, Center for Economic and Financial Research (CEFIR).
    4. Linz, Susan J. & Semykina, Anastasia, 2008. "Attitudes and performance: An analysis of Russian workers," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 694-717, April.
    5. Maksim Yemelyanau, 2009. "Second agriculture in Belarus and Ukraine:subsistence or leisure?," BEROC Working Paper Series 08, Belarusian Economic Research and Outreach Center (BEROC).
    6. Gatskova, Kseniia & Kozlov, Vladimir, 2018. "Doubling Up or Moving Out? The Effect of International Labor Migration on Household Size," CEI Working Paper Series 2017-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    7. Duncan Thomas & Elizabeth Frankenberg, 2007. "Household Responses to the Financial Crisis in Indonesia: Longitudinal Evidence on Poverty, Resources, and Well-Being," NBER Chapters,in: Globalization and Poverty, pages 517-560 National Bureau of Economic Research, Inc.
    8. Zoya Nissanov & Maria Grazia Pittau, 2016. "Measuring changes in the Russian middle class between 1992 and 2008: a nonparametric distributional analysis," Empirical Economics, Springer, vol. 50(2), pages 503-530, March.
    9. Nazim, Habibov & Elvin, Afandi, 2009. "Analysis of subjective wellbeing in low-income transitional countries: evidence from comparative national surveys in Armenia,Azerbaijan and Georgia," MPRA Paper 42720, University Library of Munich, Germany.
    10. Larysa Krasnikova & Olena Osinkina & Tamara Podvysotskaya & Yuriy Podvysotskiy, 2012. "Social Aspects of Crisis Effects on Households: The Case of Ukraine," wiiw Balkan Observatory Working Papers 103, The Vienna Institute for International Economic Studies, wiiw.
    11. Christopher Gerry & Carmen A. Li, 2004. "Revisiting Consumption Smoothing and the 1998 Russian Crisis," UCL SSEES Economics and Business working paper series 43, UCL School of Slavonic and East European Studies (SSEES).
    12. Brown, Martin, 2013. "The transmission of banking crises to households : lessons from the 2008-2011 crises in the ECA region," Policy Research Working Paper Series 6528, The World Bank.
    13. Patricia Justino, 2009. "The Impact of Armed Civil Conflict on Household Welfare and Policy Responses," Research Working Papers 12, MICROCON - A Micro Level Analysis of Violent Conflict.
    14. Nazim Habibov & Elvin Afandi, 2017. "Community-Level Social Capital and Household Strategies for Coping with Global Crisis in Transitional Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(2), pages 687-710, January.

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