Research of the Effect of Growth of Openness of the Russian Economy on Income Inequality in Russia

Исследование влияния роста открытости российской экономики на неравенство доходов населения в России

Georgy Idrisov and Boris Taganov

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: In this paper, we examine the impact of the positive terms of trade shock (rise in price of oil relative to other traded goods) on inequalities in wages at the regional level. The results show the benefit of that in the medium-term improvement in the conditions of Russia's trade increased inter-regional inequality in wages by increasing wages in all quintiles of the wage distribution (ie in all of the observed income groups) are more integrated into the world economy in the Federation. We have also shown that, although the terms of trade increased inter-regional inequality individual's wage, a decrease in premiums for the skill that matches the predictions of Heckscher-Ohlin and Stolper-Samuelson theorem.

Keywords: trade shock; opennes of economy; Russia; income inequalty (search for similar items in EconPapers)
Pages: 79 pages
Date: 2016-03-31
New Economics Papers: this item is included in nep-cis, nep-net and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:3136

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