Living Standards in Russia in 2012

Svetlana Misikhina

Published Papers from Gaidar Institute for Economic Policy

Abstract: Rapid economic growth early in the 2000s was accompanied by high growth rates in personal income. Personal real income grew up by 2.5 times as inequality increased insignificantly (Gini index was 0.42 in 2011 against 0.4 in 2000). In the first decade of the 21st century, the subsistence minimum increased mainly in response to its indexation to the consumer price index growth rate, thereby increasing the real personal income to subsistence minimum ratio (from 1.89 times in 2000 to 3.32 times in 2010). As a result, population with a substandard per capita money income and poverty level reduced by 2.3-2.4 times from the period between 2000 and 2010.

Keywords: Russian economy; personal income; poverty; consumption (search for similar items in EconPapers)
JEL-codes: I31 I32 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2013, Revised 2013
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-tra
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https://www.iep.ru/files/RePEc/gai/ppaper/163Misikhina.pdf Revised version, 2013 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:163

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