Estimating the human wellbeing in Russia

Voykina E.A.1, Mirgorod E.E.1, Shubenkova E.V.1
1 Российский экономический университет имени Г.В. Плеханова, Russia

Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 7, Number 2 (February 2020)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42482120
Cited: 5 by 31.03.2023

Abstract:
Subject and theme. The article highlights the results of the study of human well-being inequality in Russian. Purpose of research. An attempt is made to analyze the standard of living based on the calculation and evaluation of median income indicators and the Gini inequality coefficients. Methodology. The research uses methods of economic, statistical, comparative analysis, logical reasoning, expert assessments, and calculation and analysis using statistical data from Rosstat, the World Bank, and the Research Institute "Credit Suisse". Results. The median per capita income for the period from 2012 to 2018 was calculated. It was further compared with the average per capita income. The structure of the population's money income by sources was studied, and the Gini inequality coefficient in 2018 was calculated. The trends in the distribution of wealth in Russia and in the world were revealed. Application. The results of the study can be used in the context of achieving national development goals in the sustainable improvement of the human well-being level in Russia.

Keywords: well-being, standard of living, per capita income, median income, income inequality, wealth, Gini coefficient

JEL-classification: D63, I31, J17

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