Template-Type: ReDIF-Paper 1.0
Author-Name:Svetlana Misikhina
Author-Name-First: Svetlana                     
Author-Name-Last: Misikhina
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:   Living Standards in Russia in 2012
Abstract:  Rapid economic growth early in the 2000s was accompanied by high growth rates in personal income. Personal real income grew up by 2.5 times as inequality increased insignificantly (Gini index was 0.42 in 2011 against 0.4 in 2000). In the first decade of the 21st century, the subsistence minimum increased mainly in response to its indexation to the consumer price index growth rate, thereby increasing the real personal income to subsistence minimum ratio (from 1.89 times in 2000 to 3.32 times in 2010). As a result, population with a substandard per capita money income and poverty level reduced by 2.3-2.4 times from the period between 2000 and 2010.
Length:  11 pages
Creation-Date: 2013
Revision-Date:   2013
Publication-Status: Published Paper Series 
Classification-JEL: I31, I32
Keywords: Russian economy, personal income, poverty, consumption
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/163Misikhina.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:ppaper:163