All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Hai-Anh H. Dang, Michael M. Lokshin and Kseniya Abanokova
''Did the Poor Adapt to Their Circumstances? Evidence from Long-run Russian Panel Data''
( 2019, Vol. 39 No.4 )
Very few studies currently exist on poverty adaptation to subjective well-being. We offer analysis on poverty adaptation for Russia, a middle-income country in transition, using panel data for 2001-2017. We found no poverty adaption for life satisfaction and subjective wealth, with longer poverty spells being associated with more dissatisfaction. Similar results hold for other outcomes including satisfaction with own economic conditions, work contract, job, pay, and career, and for poverty defined using either absolute or relative thresholds. Some evidence indicates that while those living in rural areas or born outside of Russia have similar levels of poverty adaptation for life satisfaction, they may adapt less regarding subjective wealth. There is also some evidence that women may be less adaptive than men, particularly for longer poverty duration.
Keywords: poverty adaptation, satisfaction, subjective wealth, gender, panel data, Russia
JEL: I3 - Welfare and Poverty: General
O1 - Economic Development: General
Manuscript Received : Aug 07 2019 Manuscript Accepted : Oct 13 2019

  This abstract has been downloaded 939 times                The Full PDF of this paper has been downloaded 153560 times