Inequality in Russia over time and over the life cycle

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-12-18 DOI:10.1111/sjoe.12556

Maksym Bryukhanov, Dmytro Hryshko

引用次数: 0

Abstract

Using Russian longitudinal data for 1994 - 2018, we document a secular decline in consumption and income inequality. Although within-cohort inequality is also declining, the lifecycle inequality profiles of income and consumption are surprisingly flat. A calibrated lifecycle model with incomplete markets, high initial variance of the persistent income component, and moderately persistent income shocks is consistent with nearly flat lifecycle inequality profiles and the puzzlingly large insurance role of assets found in the Russian data. This is in contrast to the standard calibrations that fail to match the lifecycle inequality profiles and the panel-data evidence on consumption insurance.

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俄罗斯不同时期和不同生命周期的不平等情况

利用 1994-2018 年的俄罗斯纵向数据，我们记录了消费和收入不平等的长期下降趋势。虽然队列内的不平等也在下降，但收入和消费的生命周期不平等曲线却出奇地平坦。一个校准过的生命周期模型具有不完全市场、高初始方差的持续性收入成分和适度的持续性收入冲击，这与俄罗斯数据中发现的几乎持平的生命周期不平等概况和令人费解的资产的巨大保险作用是一致的。这与标准校准形成了鲜明对比，标准校准无法与生命周期不平等状况和消费保险的面板数据证据相匹配。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.