Patterns and drivers of household income dynamics in Russia : The role of access to credit

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dc.contributor Bank of Finland Perugini, Cristiano 2020-05-11T07:25:41Z 2020-05-11T07:25:41Z 2020
dc.identifier.isbn 978-952-323-327-0
dc.identifier.issn 1456-5889
dc.description.abstract The microeconomic drivers of medium- and short-term income mobility in Russia over the period 1996–2016 are investigated using data from the Russian Longitudinal Monitoring Survey (RLMS). Focusing on the role of access to credit in triggering household income growth, the descriptive analysis suggests that high levels of mobility materialising in pro-poor patterns of growth may accompany Russia’s notoriously high levels of inequality. Controlling for other personal and household characteristics, the econometric model for drivers of income mobility indicates that access to credit boosts income mobility. Complementary empirical evidence suggests that this effect may unfold through channels related to the labour market and non-labour sources of income.
dc.description.tableofcontents Abstract .. 4 1 Introduction .. 5 2 Related literature and working hypotheses .. 6 3 Data, samples and variables .. 9 4 Descriptive measures of short- and medium-run income mobility, 1996–2016 .. 12 5 Methodology .. 16 6 Results .. 18 6.1 Drivers of income mobility in Russia and the role of credit access .. 18 6.2 Possible channels through which credit affects mobility .. 22 7 Conclusions .. 26 References .. 28 Appendix .. 32
dc.format.extent 41
dc.language.iso ENG
dc.subject Bofit-kokoelma
dc.subject Venäjä
dc.subject.other income mobility
dc.subject.other credit access
dc.subject.other Russia
dc.subject.other RLMS
dc.title Patterns and drivers of household income dynamics in Russia : The role of access to credit
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-202005112131
dc.subject.jel D31
dc.subject.jel H81
dc.subject.jel J60
dc.subject.jel O15 BOFIT Discussion Papers
dc.series.year 2020
dc.series.number 11/2020
dc.series.sortingnumber 0011 7.5.2020
dc.subject.yso kotitaloudet (organisaatiot)
dc.subject.yso tulot
dc.subject.yso tulonjako
dc.subject.yso luotot
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.type.okm D4

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