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Rich and powerful?: Subjective power and welfare in Russia

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  • Lokshin, Michael
  • Ravallion, Martin

Abstract

Does"empowerment"come hand-in-hand with higher economic welfare? In theory, higher income is likely to raise both power and welfare, but heterogeneity in other characteristics and household formation can either strengthen or weaken the relationship. Survey data on Russian adults indicate that higher individual and household incomes raise both self-rated power and welfare. The individual income effect is primarily direct, rather than through higher household income. There are diminishing returns to income, though income inequality emerges as only a minor factor reducing either aggregate power or welfare. At given income, the identified covariates have strikingly similar effects on power and welfare. There are some notable differences between men and women in perceived power.
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Suggested Citation

  • Lokshin, Michael & Ravallion, Martin, 2005. "Rich and powerful?: Subjective power and welfare in Russia," Journal of Economic Behavior & Organization, Elsevier, vol. 56(2), pages 141-172, February.
  • Handle: RePEc:eee:jeborg:v:56:y:2005:i:2:p:141-172
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    References listed on IDEAS

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    Cited by:

    1. Victoria Giarrizzo, 2009. "Subjective economic welfare: Beyond growth," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(28), pages 9-34, July-Dece.
    2. Michael Lokshin & Nithin Umapathi & Stefano Paternostro, 2006. "Robustness of subjective welfare analysis in a poor developing country: Madagascar 2001," Journal of Development Studies, Taylor & Francis Journals, vol. 42(4), pages 559-591.
    3. Selezneva, Ekaterina, 2011. "Surveying transitional experience and subjective well-being: Income, work, family," Economic Systems, Elsevier, vol. 35(2), pages 139-157, June.
    4. Yonas Alem & Jonathan Colmer, 2013. "Don't Worry, Be Happy: The Welfare Cost of Climate Variability � A Subjective Well-Being Approach," GRI Working Papers 118, Grantham Research Institute on Climate Change and the Environment.
    5. Alem, Yonas & Colmer, Jonathan, 2013. "Optimal Expectations and the Welfare Cost of Climate Variability," Working Papers in Economics 578, University of Gothenburg, Department of Economics.
    6. Stillman, Steven & Gibson, John & McKenzie, David & Rohorua, Halahingano, 2015. "Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being," World Development, Elsevier, vol. 65(C), pages 79-93.
    7. Martin Ravallion, 2011. "On multidimensional indices of poverty," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 235-248, June.
    8. Shmueli, Amir, 2008. "The demand for clinical information and for involvement in medical treatment decision making: An empirical examination in the general population," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 1746-1755, October.
    9. Kristian Bolin & Daniel Hedblom & Anna Lindgren & Bjorn Lindgren, 2010. "Asymmetric Information and the Demand for Voluntary Health Insurance in Europe," NBER Working Papers 15689, National Bureau of Economic Research, Inc.
    10. Broussard, Nzinga H. & Dercon, Stefan & Somanathan, Rohini, 2014. "Aid and agency in Africa: Explaining food disbursements across Ethiopian households, 1994–2004," Journal of Development Economics, Elsevier, vol. 108(C), pages 128-137.
    11. Louise Grogan & Katerina Koka, 2010. "Young children and women's labour force participation in Russia, 1992-2004," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(4), pages 715-739, October.
    12. Olena Nizalova, 2014. "Inequality in Total Returns to Work in Ukraine: Taking A Closer Look at Workplace (Dis)amenities," Discussion Papers 52, Kyiv School of Economics.
    13. 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.
    14. Dwibedi, Jayanta Kumar & Marjit, Sugata, 2015. "Relative Affluence and Child Labor - Explaining a Paradox," MPRA Paper 66379, University Library of Munich, Germany, revised 31 Aug 2015.
    15. repec:bla:rdevec:v:21:y:2017:i:4:p:1178-1190 is not listed on IDEAS
    16. Nazim N. Habibov, 2011. "Self-perceived social stratification in low-income transitional countries: Examining the multi-country survey in Armenia, Azerbaijan, and Georgia," International Journal of Social Economics, Emerald Group Publishing, vol. 38(1), pages 5-22, January.
    17. Lee, Yong-Woo, 2012. "Asymmetric information and the demand for private health insurance in Korea," Economics Letters, Elsevier, vol. 116(3), pages 284-287.
    18. Irina Denisova, 2010. "Adult mortality in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(2), pages 333-363, April.
    19. Leonardo Becchetti & Stefano Castriota & Nazaria Solferino, 2011. "Development Projects and Life Satisfaction: An Impact Study on Fair Trade Handicraft Producers," Journal of Happiness Studies, Springer, vol. 12(1), pages 115-138, March.
    20. Richter, Kaspar, 2009. "Changes in Subjective Well-Being in Timor-Leste on the Path to Independence," World Development, Elsevier, vol. 37(2), pages 371-384, February.
    21. Grogan, Louise & Koka, Katerina, 2013. "Economic crises and wellbeing: Social norms and home production," Journal of Economic Behavior & Organization, Elsevier, vol. 92(C), pages 241-258.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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