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Life Satisfaction, Subjective Wealth, and Adaptation to Vulnerability in the Russian Federation during 2002-2019

Author

Listed:
  • Hai-Anh H. Dang

    (World Bank, IZA, Indiana University and London School of Economics and Political Science)

  • Kseniya Abanokova

    (World Bank and National Research University Higher School of Economics)

  • Michael M. Lokshin

    (World BanK)

Abstract

We offer the first study on vulnerability adaptation to subjective well-being, using rich panel data over the past two decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer vulnerability spells associated with more negative subjective welfare. Some evidence indicates that despite little differences between urban and rural areas in life satisfaction, rural areas exhibit a more robust lack of adaptation for subjective wealth, particularly for longer durations of vulnerability. More education generally indicates a stronger lack of adaptation for life satisfaction, but similar levels of adaptation for subjective wealth.

Suggested Citation

  • Hai-Anh H. Dang & Kseniya Abanokova & Michael M. Lokshin, 2023. "Life Satisfaction, Subjective Wealth, and Adaptation to Vulnerability in the Russian Federation during 2002-2019," Hacienda Pública Española / Review of Public Economics, IEF, vol. 247(4), pages 125-153, December.
    • Handle: RePEc:hpe:journl:y:2023:v:247:i:4:p:125-153
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    References listed on IDEAS

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    More about this item

    Keywords

    Vulnerability; Adaptation; Satisfaction; Subjective wealth; Gender; Panel data; Russia.;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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