Life satisfaction, subjective wealth, and adaptation to vulnerability in the Russian Federation during 2002-2019

Dang, Hai-Anh H., Abanokova, Kseniya Abanokova and Lokshin, Michael M. (2023) Life satisfaction, subjective wealth, and adaptation to vulnerability in the Russian Federation during 2002-2019. Hacienda Pública Española, 247 (4). 125 - 153. ISSN 1133-9470

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Abstract

We offer the first study on vulnerability adaptation to subjective well-being, using rich panel data over the past two decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer vulnerability spells associated with more negative subjective welfare. Some evidence indicates that despite little differences between urban and rural areas in life satisfaction, rural areas exhibit a more robust lack of adaptation for subjective wealth, particularly for longer durations of vulnerability. More education generally indicates a stronger lack of adaptation for life satisfaction, but similar levels of adaptation for subjective wealth.

Item Type:	Article
Official URL:	https://hpe-rpe.org/
Additional Information:	© 2023 Instituto de Estudios Fiscales
Divisions:	International Inequalities Institute
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HT Communities. Classes. Races
JEL classification:	D - Microeconomics > D6 - Welfare Economics > D60 - General I - Health, Education, and Welfare > I3 - Welfare and Poverty > I30 - General O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
Date Deposited:	09 Apr 2024 11:12
Last Modified:	09 Apr 2024 18:03
URI:	http://eprints.lse.ac.uk/id/eprint/122578

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