Citation

Ravallion, Martin & Lokshin, Michael (2002). Self-rated economic welfare in Russia. European Economic Review, 46(8), 1453-1473.

Abstract

Most of those Russian adults who feel that they are poor are not classified as such in the poverty statistics, and most of those who are classified as poor don't feel that way. We study the determinants of peoples’ perceptions of their economic welfare in an unusually rich socioeconomic survey. While income is a highly significant predictor, subjective economic welfare is influenced by many other factors including health, education, employment, assets, relative income in the area of residence and expectations about future welfare. Insights are obtained into how objective data should be weighted in assessing economic welfare.

URL

http://dx.doi.org/10.1016/S0014-2921(01)00151-9

Reference Type

Journal Article

Year Published

2002

Journal Title

European Economic Review

Author(s)

Ravallion, Martin
Lokshin, Michael