Rich and Powerful? Subjective Power and Welfare in Russia

Rich and Powerful? Subjective Power and Welfare in Russia

Does "empowerment" come hand-in-hand with higher economic welfare? In theory, higher income is likely to raise both power and welfare, but heterogeneity in other characteristics and household formation can either strengthen or weaken the...

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Bibliographic Details
Main Authors:	Lokshin, Michael, Ravallion, Martin
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	WELFARE ECONOMICS EMPOWERMENT OF CIVIL SOCIETY INCOME GROWTH HOUSEHOLD INCOME DATA ANALYSIS INDIVIDUAL IN ECONOMICS ECONOMIC GROWTH INCOME GENERATION RETURN TO THE WORKFORCE INCOME INEQUALITIES AGGREGATE VARIABILITY GENDER GAP ADULTS ARGUMENTS CONSCIOUSNESS DATA SET DECISION MAKING DEFLATORS DIMINISHING MARGINAL UTILITY DIMINISHING RETURNS DISCRIMINATION DISPOSABLE INCOME ECONOMIC SURVEYS EMPIRICAL ASSOCIATION EMPIRICAL MODELS EMPOWERMENT ETHNICITY EXPLANATORY VARIABLES FAMILIES FINANCIAL CRISIS FUNCTIONAL FORM GENDER HIGH CORRELATION HOUSEHOLD INCOMES HOUSEHOLD MEMBERS HOUSEHOLD SIZE HOUSEHOLDS INCOME INCOME DIFFERENCES INCOME EFFECT INCOME INEQUALITY INCOME VARIABLES INCREASING FUNCTION INCREASING RETURNS INDIVIDUAL INCOMES INTRINSIC VALUE MARGINAL UTILITY MARITAL STATUS MIGRATION NEGATIVE COEFFICIENT 0 HYPOTHESIS PER CAPITA INCOME POLICY OBJECTIVE POLICY RESEARCH POLITICAL INSTITUTIONS POLITICAL PARTICIPATION POLITICAL SCIENCE POSITIVE EFFECT POSITIVE EFFECTS POSITIVE RELATIONSHIP POWER PUBLIC POLICY RATED POWER REDISTRIBUTION POLICY REDUCING POVERTY REGIONAL DIFFERENCES REGIONAL DUMMIES SIGNIFICANT CORRELATION SIGNIFICANT EFFECT SIGNIFICANT IMPACT SIGNIFICANT NEGATIVE SOCIAL PSYCHOLOGY SOCIAL SCIENCES SOCIETIES SOCIETY SOCIOLOGY UNEMPLOYMENT UTILITY FUNCTIONS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2002/06/1939089/rich-powerful-subjective-power-welfare-russia http://hdl.handle.net/10986/14291

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Summary:	Does "empowerment" come hand-in-hand with higher economic welfare? In theory, higher income is likely to raise both power and welfare, but heterogeneity in other characteristics and household formation can either strengthen or weaken the relationship. Survey data on Russian adults indicate that higher individual and household incomes raise both self-rated power and welfare. The individual income effect is primarily direct, rather than through higher household income. There are diminishing returns to income, though income inequality emerges as only a minor factor reducing either aggregate power or welfare. At given income, the identified covariates have strikingly similar effects on power and welfare. There are some notable differences between men and women in perceived power.

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