Consumption smoothing of pensioners in urban Russia
Nivorozhkin, Anton; Nivorozhkina, Ludmila; & Abazieva, Kamila. (2012). Consumption smoothing of pensioners in urban Russia. IZA/Higher School of Economics Workshop: Labor Market Adjustment in the Commonwealth of Independent States, Central Asia and China in the Wake of the Great Recession. Moscow, Russia.
Nivorozhkin, Anton; Nivorozhkina, Ludmila; & Abazieva, Kamila. (2012). Consumption smoothing of pensioners in urban Russia. IZA/Higher School of Economics Workshop: Labor Market Adjustment in the Commonwealth of Independent States, Central Asia and China in the Wake of the Great Recession. Moscow, Russia.
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In this paper we investigate consumption smoothing strategies of Russian pensioners. Using regression discontinuity design we find that food and non-durable consumption falls upon retirement. We find that lab our supply and government subsidies are important mechanisms of consumption smoothing for pensioners. We study the change in subjective perception of minimum income and compare it to the change in total consumption at retirement. We find that the subjective perception of minimum income changes similar to total consumption.
CONF
IZA/Higher School of Economics Workshop: Labor Market Adjustment in the Commonwealth of Independent States, Central Asia and China in the Wake of the Great Recession
Nivorozhkin, Anton
Nivorozhkina, Ludmila
Abazieva, Kamila
2012
Moscow, Russia
2251
