Publication: Household Strategies for Coping with Poverty and Social Exclusion in Post-Crisis Russia
Date
2001-02
ISSN
Published
2001-02
Author(s)
Abstract
What strategies have Russian households
used, to cope with economic hardship in the wake of recent
financial crisis? Which coping strategies have been most
effective in reducing poverty for different groups of
households? And how have people been able to adapt to the
dramatic drop in formal cash incomes? The authors look at
these questions using subjective evaluations of coping
strategies used by household survey respondents to mitigate
the effects of the Russian financial crisis on their
welfare. The data come from two rounds (1996 and 1998) of
the Russian Longitudinal Monitoring Survey. The results of
their analysis show that a household's choice of
survival strategy, strongly depends on its human capital:
the higher its level of human capital, the more likely it is
to choose an active strategy (such as finding a
supplementary job, or increasing home production).
Households with low levels of human capital, those headed by
pensioners, and those whose members have low levels of
education, are more likely to suffer social exclusion. To
prevent poverty from becoming entrenched, the trend toward
marginalization, and impoverishment of these groups of
households, needs to be monitored, and targeted policy
interventions need to be undertaken to reverse the trend.
Link to Data Set
Citation
“Lokshin, Michael M.; Yemtsov, Ruslan. 2001. Household Strategies for Coping with Poverty and Social Exclusion in Post-Crisis Russia. Policy Research Working Paper;No. 2556. © World Bank, Washington, DC. http://hdl.handle.net/10986/19707 License: CC BY 3.0 IGO.”
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