eprintid: 12937 rev_number: 25 eprint_status: archive userid: 598 dir: disk0/00/01/29/37 datestamp: 2008-12-16 08:40:08 lastmod: 2015-07-23 09:35:46 status_changed: 2008-12-16 08:40:08 type: working_paper metadata_visibility: show creators_name: Gerry, C.J. creators_name: Li, C.A. creators_id: CGERR38 creators_id: title: Consumption smoothing and vunerability in Russia ispublished: pub subjects: Y divisions: D92 keywords: Russia, economics, vulnerability, consumption smoothing, quantile regression. abstract: Applying bootstrapped quantile regression to the Russian Longitudinal Monitoring Survey (RLMS) data, we examine the channels through which individuals experience and seek to cope with changes in consumption. We find that married individuals living in small households, with educated heads in urban areas are better equipped to smooth consumption. Investigating the impact of idiosyncratic shocks, we find that the labour market is an important transmission mechanism allowing households to smooth their consumption but also exposing them to risk, mainly through job loss. Outside of pension payments the formal social safety net does not facilitate consumption smoothing, thus heightening the importance of informal coping institutions. It transpires that both support from relatives/friends and home production act as important insurance mechanisms for the most vulnerable. date: 2007-07 publisher: The William Davidson Institute at the University of Michigan official_url: http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp885.pdf vfaculties: VSSEES rae2008: 51 oa_status: green language: eng primo: open primo_central: open_green lyricists_name: Gerry, C lyricists_id: CGERR38 full_text_status: public series: William Davidson Institute Working Papers number: 885 place_of_pub: Michigan, US citation: Gerry, C.J.; Li, C.A.; (2007) Consumption smoothing and vunerability in Russia. (William Davidson Institute Working Papers 885). The William Davidson Institute at the University of Michigan: Michigan, US. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/12937/1/12937.pdf