Citation

Frijters, Paul; Geishecker, Ingo; Haisken-DeNew, John P.; & Shields, Michael A. (2006). Can the large swings in Russian life satisfaction be explained by ups and downs in real incomes?. Scandinavian Journal of Economics, 108(3), 433-458.

Abstract

Russians reported large changes in their life satisfaction over the post-transition years. In this paper, we explore the factors that drove these changes, focusing on exogenous income changes, using panel data from the Russian Longitudinal Monitoring Survey over the period 1995 to 2001 and implementing a recently developed ordinal fixed-effects estimator. We apply a causal decomposition technique that allows for bias arising from panel attrition when establishing aggregate trends in life satisfaction. Changes in real household incomes explained 10% of the total change in reported life satisfaction between 1996 and 2000, but up to 30% of some year-on-year changes.

URL

http://dx.doi.org/10.1111/j.1467-9442.2006.00459.x

Reference Type

Journal Article

Year Published

2006

Journal Title

Scandinavian Journal of Economics

Author(s)

Frijters, Paul
Geishecker, Ingo
Haisken-DeNew, John P.
Shields, Michael A.