EconPapers    
Economics at your fingertips  
 

Is the cost of living in Russia really that low?

Konstantin Gluschenko

MPRA Paper from University Library of Munich, Germany

Abstract: There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as compared to the US. A number of Russian statistical indicators characterizing the cost of living, either directly or indirectly, seemingly corroborate this opinion. This paper demonstrates that these indicators are biased, sufficiently understating the cost of living in Russia. A comparison of Russian actual prices for foods with those in the US evidences that they are comparable. Moreover, the Russian prices are tending to catch up with the US prices.

Keywords: food prices; cost of living; minimum wage; subsistence level; Russia; US (search for similar items in EconPapers)
JEL-codes: I31 O57 P22 (search for similar items in EconPapers)
Date: 2008-12
New Economics Papers: this item is included in nep-cis and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/13315/1/MPRA_paper_13315.pdf original version (application/pdf)

Related works:
Working Paper: IS THE COST OF LIVING IN RUSSIA REALLY THAT LOW? (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13315

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2023-11-11
Handle: RePEc:pra:mprapa:13315