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Article

Did the Poor Adapt to Their Circumstances?Evidence from Long-run Russian Panel Data

Economics Bulletin. 2019. Vol. 39. No. 4. P. 2258-2274.
Dang H. H., Lokshin M. M., Abanokova K.

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