UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Coping with economic shocks: Consumption Smoothing and the 1998 Russian Financial Crisis

Gerry, CJ; Li, C; (2004) Coping with economic shocks: Consumption Smoothing and the 1998 Russian Financial Crisis. (Economics Working Papers 43). Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK. Green open access

[img]
Preview
PDF
17533.pdf

Download (388kB)

Abstract

Applying quantile regression techniques to Russian data we investigate the channels through which individuals experience changes in their well being. We find that married individuals in non-rural households with university-educated heads are less vulnerable to severe welfare shocks. For the most vulnerable individuals the labour market plays a key role in transmitting the effects of aggregate shocks through the unemployment channel whereas those individuals able to maintain their employment status are more able to cope with economic shocks. While increases in pension payments help individuals to cope with shocks, it transpires that vulnerable individuals rely more broadly on the support of relatives and the produce of their garden plots and dachas.

Type: Working / discussion paper
Title: Coping with economic shocks: Consumption Smoothing and the 1998 Russian Financial Crisis
Open access status: An open access version is available from UCL Discovery
Language: English
Keywords: Russia, vulnerability, consumption smooting, financial crisis
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/17533
Downloads since deposit
1,052Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item