Life satisfaction, subjective wealth, and adaptation to vulnerability in the Russian Federation during 2002-2019

Hai-Anh Dang (), Kseniya Abanokova Abanokova and Michael Lokshin

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We offer the first study on vulnerability adaptation to subjective well-being, using rich panel data over the past two decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer vulnerability spells associated with more negative subjective welfare. Some evidence indicates that despite little differences between urban and rural areas in life satisfaction, rural areas exhibit a more robust lack of adaptation for subjective wealth, particularly for longer durations of vulnerability. More education generally indicates a stronger lack of adaptation for life satisfaction, but similar levels of adaptation for subjective wealth.

Keywords: Russia; vulnerability; adaptation; satisfaction; subjective wealth; gender; panel data (search for similar items in EconPapers)
JEL-codes: D60 I30 O10 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2023-09-01
New Economics Papers: this item is included in nep-cis and nep-hap
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Published in Hacienda Pública Española, 1, September, 2023, 247(4), pp. 125 - 153. ISSN: 1133-9470

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http://eprints.lse.ac.uk/122578/ Open access version. (application/pdf)

Related works:
Journal Article: Life Satisfaction, Subjective Wealth, and Adaptation to Vulnerability in the Russian Federation during 2002-2019 (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:122578

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