CitationNivorozhkin, Anton; Nivorozhkina, Ludmila; & Abazieva, Kamila (2012). Consumption smoothing of pensioners in urban Russia.
AbstractIn this paper we investigate consumption smoothing strategies of Russian pensioners. Using regression discontinuity design we find that food and non-durable consumption falls upon retirement. We find that lab our supply and government subsidies are important mechanisms of consumption smoothing for pensioners. We study the change in subjective perception of minimum income and compare it to the change in total consumption at retirement. We find that the subjective perception of minimum income changes similar to total consumption.
Reference TypeConference Paper