Indicators of Poverty in Transitional Russia
Korchaguina Irina (),
Ovcharova Lilia and
EERC Working Paper Series from EERC Research Network, Russia and CIS
The authors attempt to provide poverty rate estimates in Russia adjusted for in-kind consumption. The results show that for rural households in-kind food consumption accounts, on average, for about 75% of total food consumption and that about 25% of food consumption among urban households comes from unrecorded incomes. This indicates that nearly 40% of food consumption for the total sampling comes from part-time family farming. It follows that poverty headcounts are significantly reduced when non-monetary consumption is taken into account. According to the report, 26% to 28% of Russia’s population live below the poverty line; official estimates put these figures between 34% and 44%. The paper offers a broader concept of poverty by considering real estate and personal assets when evaluating the economic potential of a household.
Keywords: household expenses; household income; poverty; Russia; subsistence minimum (search for similar items in EconPapers)
JEL-codes: D12 D13 D31 D33 (search for similar items in EconPapers)
Pages: 54 pages
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