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Russian Roller Coaster: Expenditure Inequality and Instability in Russia, 1994-98

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  • Jovanovic, Branko

Abstract

This paper uses the second phase of the Russian Longitudinal Monitoring Survey to investigate the changes in expenditure inequality and instability in Russia between the autumn of 1994 and the autumn of 1998. The expenditure distribution is stable in spite of the economic and political turmoil Russia is going through. However, that does not imply much stability. Households experienced considerable fluctuations in their expenditure, with over 60 percent of the population's expenditure either more than doubling or falling to less than half their previous levels. Only about 6 percent of all households experienced an expenditure shock of less than 10 percent. The inquiry in expenditure mobility suggests high levels of transitory variation in the expenditure and high levels of instability. Copyright 2001 by The International Association for Research in Income and Wealth.

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  • Jovanovic, Branko, 2001. "Russian Roller Coaster: Expenditure Inequality and Instability in Russia, 1994-98," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 47(2), pages 251-271, June.
  • Handle: RePEc:bla:revinw:v:47:y:2001:i:2:p:251-71
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    Cited by:

    1. Boris Najman & Richard Pomfret & Gael Raballand & Patricia Sourdin, 2005. "How are Oil Revenues Redistributed in an Oil Economy? The Case of Kazakhstan," School of Economics Working Papers 2005-18, University of Adelaide, School of Economics.
    2. Lukiyanova, Anna & Oshchepkov, Aleksey, 2012. "Income mobility in Russia (2000–2005)," Economic Systems, Elsevier, vol. 36(1), pages 46-64.
    3. Yuriy Gorodnichenko & Klara Sabirianova Peter & Dmitriy Stolyarov, 2010. "Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 209-237, January.

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