Patterns and drivers of household income dynamics in Russia: The role of access to credit
Cristiano Perugini ()
No 11/2020, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition
The microeconomic drivers of medium- and short-term income mobility in Russia over the period 1996–2016 are investigated using data from the Russian Longitudinal Monitoring Survey (RLMS). Focusing on the role of access to credit in triggering household income growth, the descriptive analysis suggests that high levels of mobility materialising in pro-poor patterns of growth may accompany Russia’s notoriously high levels of inequality. Controlling for other personal and household characteristics, the econometric model for drivers of income mobility indicates that access to credit boosts income mobility. Complementary empirical evidence suggests that this effect may unfold through channels related to the labour market and non-labour sources of income.
JEL-codes: D31 H81 J60 O15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-lab and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:bof:bofitp:2020_011
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