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date: 15 May 2021

Abstract and Keywords

This chapterlinks the current state of poverty and inequality in Russia with its historic roots. Poverty has increased in the early years of transition in Russia. Economic growth since 2000 brought about a dramatic reduction of poverty,but it has neither eliminated poverty nor restored the pretransition situation. Poverty these days has a different nature than poverty in the Soviet Russia and is driven largely by high inequality. There is still a hot debate pertaining to living standard measurements around the following issues: the nature and the extent of poverty and inequality, best ways to collect and analyze data on these social phenomena, and the most effective policy instruments aimed at their reduction. Russia is bound to face serious new challenges with its aging population, increased exposure to global competitive pressures, and increasing expectations of its population.

Keywords: poverty, inequality, Russia, transition, data

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