Did the Poor Adapt to Their Circumstances?Evidence from Long-run Russian Panel Data
Very few studies currently exist on poverty adaptation to subjective well-being. We offer analysis on povertyadaptation for Russia, a middle-income country in transition, using panel data for 2001-2017. We found no povertyadaption for life satisfaction and subjective wealth, with longer poverty spells being associated with moredissatisfaction. Similar results hold for other outcomes including satisfaction with own economic conditions, workcontract, job, pay, and career, and for poverty defined using either absolute or relative thresholds. Some evidenceindicates that while those living in rural areas or born outside of Russia have similar levels of poverty adaptation forlife satisfaction, they may adapt less regarding subjective wealth. There is also some evidence that women may be lessadaptive than men, particularly for longer poverty duration
The paper aims to investigate the process of establishing distribution network. The paper takes network paradigm as a main basis of investigation looking at the development of distribution networks in Russian chemical industry.
Modern capitalism favors values that undermine our face-to-face bonds with friends and family members. Focusing on the post-communist world, and comparing it to more 'developed' societies, this book reveals the mixed effects of capitalist culture on interpersonal relationships. While most observers blame the egoism and asocial behavior found in new free-market societies on their communist pasts, this work shows how relationships are also threatened by the profit orientations and personal ambition unleashed by economic development. Successful people in societies as diverse as China, Russia, and Eastern Germany adjust to the market economy at a social cost, relaxing their morals in order to obtain success and succumbing to increased material temptations to exploit relationships for their own financial and professional gain. The capitalist personality is internally troubled as a result of this "sellout," but these qualms subside as it devalues intimate qualitative bonds with others. This book also shows that post-communists are similarly individualized as people living in Western societies. Capitalism may indeed favor values of independence, creativity, and self-expressiveness, but it also rewards self-centeredness, consumerism, and the stripping down of morality. As is the case in the West, capitalist culture fosters an internally conflicted and self-centered personality in post-communist societies.
The Working Paper examines the peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, bank owners, investors, top managers and other insiders. The Anglo-American concept of corporate governance, based on agency theory and implying outside investors’ control over banks through stock market, is found to bear limited relevance. We suggest some ways of overcoming the gap between formal institutions of governance and the real life.
The main focus of this paper is the relation between the realisation of the right of the child to express his/her views and democracy in Russia. With this in view, I will study the interconnection between the right to express the views and the right to participate. Further, I will give an overview of the specifics of democracy in Russia, how they influence political participation, and what could be done to prevent the further infantilisation of citizens in Russia. Finally, I will explore traditional perceptions with regard to children’s participation in Russia and the legal framework and practice of the implementation of the child’s right to social and political participation.
We review the transition of the Russian banking sector focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in scope. To this day, core banks have yet to be privatized and the state has made a comeback as owner of the dominant market participants. We also look at the new institutions imported into Russia to regulate banking and finance, including rule of law, competition, deposit insurance, confidentiality, bankruptcy, and corporate governance. The unfortunate combination of this new institutional overlay and traditional local norms of behavior have brought Russia to an impasse - the banking sector's ownership structure hinders further advancement of market institutions. Indeed, we may now be witnessing is a retreat from the original market-based goals of transition.
UK corporate tax reform, corporate tax in Russia and tax relief system were considered and described in the article. Also it was made an attempt to apply UK experience of innovative activity encouragement through corporate tax regulation to Russian economy.
In this paper the public-private wage gap is estimated by means both of the OLS and the quantile regression, which will provide a more complex picture of the distribution of the public-private sector wage gap. The author finds the existence of significant public-private wage gap (about 30%) considering both observable and unobservable characteristics of workers and jobs. Using the decomposition based on quantile regression helps to answer the question about the nature of the wage differences. The author comes to the conclusion that the main reason for the gap is the institutional mechanisms of public sector wages in Russia. The analysis is based on the data from Russian Longitudinal Monitoring Survey (RLMS-HSE) 2000-2010.
In his article Vladimir Kantor explores the destiny of Russia intelligentsia within the context of cultural crisis that took place at the turn of XIX and XX centuries, analyzing the Vekhovs, a group of leading intellectuals who ran a collection of essays, titled "Vekhi", studying their relationship towards that Russian cultural phenomenon. To author, the intelligentsia is considered as a critical factor in the development of Russian history. Within a context of the struggle around the "Vekhi", by referring to famous philosophical and literature books, published in 1909, the author focuses on relationships between intelligentsia and ordinary people, their attractive and repulsive interaction, which represents the key theme of the Russian destiny. Any historical movement occurs through tragedy; heroes who move the history have to sacrifice themselves to provide that movement. Confirmation to that idea would be rejection and exclusion of the Russian intelligentsia from the country's mentality throughout a number of generations which ultimately led to its tragic being.
Macroeconomic dynamics affects incomes of regions’ population and level of poverty: positive shifts in the distribution of regions in relation to these indicators slowed down in the 2010s and were replaced by a negative shift (more apparent in poverty rate) during the crisis of 2014–2017. Income dynamics had a stronger effect on consumption structure and less on population financial behavior. The share of food expenditures is declined in all regions until the 2014 crisis; the most developed regions have the lowest percentage. Structural shift in expenditures in favor of durable goods, including housing, is far from complete in most regions. The increase in the share of expenditures for services is largely due to the growth of tariffs for public utility services. Regional differences are small, with the exception of the Far North regions. The share of spending on human capital reproduction is low and varies slightly between regions. The population of “rich” regions prefers to spend money on recreation and entertainment, but these expenses are shrunken during the last crisis. Individuals' savings behavior is mostly developed in the largest federal cities. Overdue loans are higher in underdeveloped republics and in resource-producing regions, whose population seeks to maintain the level of consumption using loans. The main factor in change structure of consumption and financial behavior is the population incomes, but demographic, settlement and institutional factors must be considered to explain regional differences.
In 2018, natural decline in population of Russia constituted 218.4 thousand people. This situation resulted from a reduction of birth rate and a slight reduction of mortality compared to that in previous year. Current life expectancy is 72.84 years for any gender, 67.66 years for men and 77.87 years for women. Birth rate is equal to 1.597 per one woman in reproductive age. Net migration fell down to 124.9 thousand people in 2018 and did not compensate the decline of population. Temporary migration has slightly changed as well as number of labor migrants in the Russian Federation. Most foreign employees are from CIS countries with growing share from Central Asia and less migrants from western countries of CIS. Regional overview of 2018 social results is quite contradictive. Negative dynamics of housing construction and household income was going on in most regions. Growth of retail trade was supported by intensive bank crediting of households especially in the resource mining regions and underdeveloped national republics. For regional budgets 2018 year was more positive, however the effect seems to be temporary. 22% increase of budget transfers, the rise of the world raw materials prices and its taxes contributed to the growth of income. Social priorities, healthcare and education, dominated in the dynamics of expenditures. However, this was the result of implementation of “wage” Executive Orders of the President. Regional gaps in social protection expenditures increased. While for all regions except Moscow expenditures on social payments minus compulsory medical insurance for unemployed population did not increased in real terms. In Moscow budget expenditures on social payments enlarged by 30%. [ABSTRACT FROM AUTHOR]
Настоящий ежегодник представляет собой десятый том «Системного мониторинга глобальных и региональных рисков», подготовленный в рамках Программы фундаментальных исследований НИУ ВШЭ). Мониторинг глобальных и региональных рисков – многоаспектное научное направление, включающее в себя комплексное исследование экономических, политических, социальных, а также культурных особенностей развития того или иного региона. На страницах Мониторинга рассматриваются вопросы методологии анализа процессов социально-политической дестабилизации в странах Афразийской макрозоны нестабильности, публикуются результаты количественного анализа, моделирования и прогнозирования процессов социально-политической дестабилизации в странах Ближнего и Среднего Востока, рассматриваются сами дестабилизационные процессы в Афразийской макрозоне нестабильности на страновом и региональном уровне в контексте глобального развития и национальных интересов России.
Мы надеемся, что данный выпуск ежегодника будет полезен как специалистам, так и широкому кругу читателей, интересующихся глобальными процессами, кризисами, прогнозами мирового развития.
The paper considers the results of the study of the relationship between economic attitudes and life values on the sample of Nenets nationality. The sample includes 105 people of Nenets nationality aged of 17 – 73 years. An extended version of S. Schwartz PVQ-R questionnaire is used for the diagnostics of life values. The Questionnaire of Economic Attitudes by O.S. Deineka and E.V. Zabelina was used to identify economic attitudes. The results of correlation analysis reveal the relationship of life values with such economic attitudes of Nenets as the value of independent economic achievements, financial literacy, activity and rationality in banking sphere, awareness of consumer irrationality. Harsh climatic conditions and limitations in the consumer sphere shape the needs for safety, benevolence, self-reliance in thinking and behavior, which in turn affect the recognition of the value of independent economic achievements, rationality in consumption, positive attitude towards entrepreneurs, lack of readiness to invest and work at the expense of own health. The results can be a basis for the development of financial literacy programs for the small indigenous peoples of the Russian Arctic.