Patterns and drivers of household income dynamics in Russia : The role of access to credit
Perugini, Cristiano (07.05.2020)
Numero
11/2020Julkaisija
Bank of Finland
2020
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202005112131Tiivistelmä
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.
Sisällysluettelo
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
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
Julkaisuhuomautus
Published in Journal of Economic Inequality online https://doi.org/10.1007/s10888-022-09525-x