Euler Equation Estimation on Micro Data: The Case of Russia
This paper investigated the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on households (Russian Longitudinal Monitoring Survey–Higher School of Economics [RLMSHSE]) from 2000 to 2011, we obtained the estimates of the elasticity of intertemporal substitution.
According to the common definition of unemployment, the unemployed are those who are not in paid employment or self-employment, are seeking work and are available for work. А job search model is estimated from a sample of the unemployed and from some extended samples of the jobless, obtained by loosening that definition gradually. Revealed similarities and differences constitute the result of the research.
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.
This paper is devoted to the rational behavior in the sense of the educational level choice. The theoretical model is based on the discounted flow of personal’s utility function covered the period of the education and future work. Maximizing the flow under the budget constraint we received differential equation included the rate of income grow after the acquisition of education. The solution is the Mincerian type equation. The main result of the model is that the persons with rapid growth of their earnings profile should have the smaller slope coefficients of schooling in the earnings equation. The empirical part of the research is based on the Russian Longitudinal Monitoring Survey (RLMS) data set. The theoretical results have been confirmed by the regression analysis. Splitting the RLMS sample according to the respondents’ wage profiles we received that highly educated agents unlike the unskilled workers have higher income but slighter slope earnings profiles. It means that the workers expected the high growth of their incomes after the schooling are less inclined to receive higher level of education. Otherwise the persons who expected high income on the job start justify their hopes, but come across the low growth of the incomes.
A quasi-gasdynamic system of equations with a mass force and a heat source is well known in the case of the perfect polytropic gas. In the paper, the system is generalized to the case of general equations of gas state satisfying thermodynamic stability conditions. The entropy balance equation is studied. The validity of the non-negativity property is algebraically analyzed for the entropy production. Two different forms of writing are derived for its relaxation summands. Under a condition on the heat source intensity, the property is valid.
An application to one-dimensional Euler real gas dynamics equations is given. A two-level explicit symmetric in space finite-difference scheme is constructed. The scheme is tested in the cases of the stiffened gas and the Van der Waals gas equations of state.
The paper observes the main patterns of youth consumption and leisure in contemporary Russia. It relies on the Russian Longitudinal Monitoring Survey of HSE, a set of nationally representative household-based surveys which includes data collected from 1994 to 2013. The data shows that by 2010 the level of youth consumption has risen along with the households’ overall income and expenditure. Since financial problems were alleviated, there was a redistribution of time between work and leisure, so youth turned to the active cultural consumption, including non-entertainment services. However, the total increase in products and services consumed went hand in hand with the rise of differentiation in the availability of durables, patterns of consumption and leisure practices.