- Consulting Editors
- Modernization and the Russian Economy: Three Hundred Years of Catching Up
- Command Economy and its Legacy
- Russia’s Economic Transformation
- Transformational Recession
- Growth Trends in Russia After 1998
- Institutional Performance
- Corporate Governance in Russia
- The Russian Tax System
- The Unofficial Economy in Russia
- Russian Corruption
- Russia’s Dependence on Resources
- The Russian Oil Sector
- The Russian Natural Gas Sector
- The Russian Electricity Market: Variants of Development
- The Economics of Mineral Resources
- The Challenge of Reforming Environmental Regulation in Russia
- Economics of the Military-Industrial Complex
- Science, High-Tech Industries, and Innovation
- Blame the Switchman? Russian Railways Restructuring After Ten Years
- Russian Agriculture and Transition
- Russian Banking as an Active Volcano
- Financial and Credit Markets
- Russian Trade and Foreign Direct Investment Policy at the Crossroads
- Economic Geography of Russia
- Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
- Regional Challenges: the Case of Siberia
- Labor Market Adjustment: is Russia Different?
- Higher Education Reform and Access to College in Russia
- Russia’s Health Care System: Difficult Path of Reform
- Poverty and Inequality in Russia
- Recent Demographic Developments in the Russian Federation
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.
Michael Lokshin is the Lead Economist in the Development Economics Research Group at the World Bank in Washington, D.C. His research focuses on the analysis of poverty and inequality, labor market policies, and applied econometrics.
Ruslan Yemstov is the Lead Economist and member of the Social Protection Team in the Human Development Network of the World Bank in Washington, D.C. His research interests include income distribution in transition economies, poverty and public policy, social protection
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