The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe

Sergei Guriev and Andrei Rachinsky

No RP2006-120, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This study discusses the evolution of personal wealth in transition economies. While data availability is still a problem, the available indirect evidence suggests privatization has resulted in an increase in personal wealth but also in personal wealth inequality, especially in the countries that lagged behind in building effective institutions. Another source of wealth inequality is the high income inequality due to wage decompression coupled with the low saving rates among the poor.

Keywords: Elite (Social sciences); Equality and inequality; Income distribution; Privatization; Wealth (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/rp2006-120.pdf (application/pdf)

Related works:
Working Paper: The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe (2008)
Working Paper: The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe (2008)
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:unu:wpaper:rp2006-120

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().