Template-Type: ReDIF-Paper 1.0
Author-Name: Grishina Elena
Author-Name-First: Elena
Author-Name-Last: Grishina
Author-Workplace-Name: RANEPA
Title: Personal income and the poverty rate in Russia in 2021
Abstract: In 2021, the total index of personal money income in real terms gained 3.4% in 2020, and that of wages and salaries of employees, 3.5%. Due in the main to the low base effect, real income from entrepreneurial activity increased significantly (+17.3%), as did the real money income from all the other sources (+9.6%), including, among other things, the incomes resulting from tax avoidance through illegal cash-out. Property income shrank in real terms by 7.3%. At the same time, social benefits in real terms did not change on the previous year, amounting to 112.1% relative to the 2019 level due to the significant lump-sum cash benefits paid in August - September 2021 to families with children aged 6 to 18 years, pensioners, and law enforcement officers, in a total amount of more than Rb600 bn.
Classification-JEL: I30, I31, I31
Keywords: Russian economy, households, income, poverty
Creation-Date: 2022
Revision-Date: 2022
Length: 6 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1210.pdf
File-Format: application/pdf
File-Function: Revised Version, 2022
Handle: RePEc:gai:ppaper:ppaper-2022-1210