Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income
The Russian Federation has sustained significant growth over the past decade, accompanied by high rates of income mobility for all groups in the population. The positive outcomes in economic growth were accompanied by economic mobility for most hou...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/05/24667312/russia-poverty-shared-prosperity-russia-deconstructing-russia’s-shared-prosperity-success-role-labor-non-labor-income http://hdl.handle.net/10986/22272 |
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okr-10986-22272 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
GROWTH RATES EMPLOYMENT FINANCIAL SERVICES COPYRIGHT CLEARANCE UNEMPLOYMENT RATES RIGHTS ECONOMIC GROWTH SKILLED WORKERS MINIMUM WAGE DISPOSABLE INCOME INCOME INTEREST INFORMATION LABOR FORCE DEVELOPING COUNTRIES MONITORING DISTRIBUTION OF INCOME POLITICAL ECONOMY FISCAL POLICY COPYRIGHT CLEARANCE CENTER MORTGAGE WORLD DEVELOPMENT INDICATORS EFFECTS SUBSIDY PRICE TAX REAL INCOME INCOME TAX REAL WAGES LABOR FORCE PARTICIPATION PENSION SYSTEM TELEPHONE SERVICES PENSION WAGE GROWTH DRIVERS PRIVATE SAVINGS LABOR MARKET SAVINGS TRAINING INFORMAL ECONOMY NATURAL DISASTER CAPITAL GAINS EMPLOYEES PENSION MARKET WAGES FERTILITY RATES PENSION CONTRIBUTIONS RETIREMENT AGE TAX LIABILITIES INTEREST RATES PRODUCTIVITY CASH PAYMENT GLOBALIZATION TRANSFERS OLDER WORKERS WAGE POLICIES PUBLIC FINANCE CAPITAL ASSETS SOCIAL PROTECTION MIDDLE-INCOME COUNTRIES STANDARDS LABOR DIVIDENDS HIGH WAGES NATURAL RESOURCES GROSS DOMESTIC PRODUCT URBAN WORKERS PUBLIC COMPANIES HOURLY WAGES PUBLIC PENSIONS SUBSIDIES REAL ESTATE LIBERALIZATION MINIMUM WAGES SKILLED WORKER TAXES FEMALE LABOR MARKET ECONOMY UNEMPLOYMENT MORTGAGE CREDIT INCOME TAXES EQUITY HUMAN CAPITAL TECHNOLOGICAL CHANGE TAX RATE WAGES POLICIES VOLATILITY UNEMPLOYMENT RATE FINANCIAL CRISIS TURNOVER FUTURE MARKET PRICES PENSIONS CASH PAYMENTS REGULATORY ENVIRONMENT OCCUPATIONS SUSTAINABLE GROWTH INCOMES LABOR MARKET CHARACTERISTICS CORPORATE TAXES TAX RATES JOB CREATION RURAL WORKERS SHARES STAMP DUTIES ECONOMICS WAGE POLICY TREASURY OUTPUT ECONOMIC INEQUALITY INFLATION RATES SHAREHOLDERS ENFORCEMENT INSURANCE WAGE STRUCTURE MANUFACTURING INDUSTRIES INTERESTS TAX CODE SECURITY NATURAL RESOURCE RISK SHARE TAX SYSTEM ECONOMIC CRISIS FEMALE LABOR FORCE BUSINESS ENVIRONMENT SUPPLY BANKING ECONOMIC DOWNTURN LAW HOURLY WAGE FINANCIAL SUPPORT CONSUMER PRICE INDEX COMMUNICATION PENSION FUND ASSET SALES DEMOGRAPHIC WAGE DISTRIBUTION LABOR MARKETS COMMODITY PRICES OUTCOMES COMMODITY PRICES TAX STRUCTURE COMPETITION |
| spellingShingle |
GROWTH RATES EMPLOYMENT FINANCIAL SERVICES COPYRIGHT CLEARANCE UNEMPLOYMENT RATES RIGHTS ECONOMIC GROWTH SKILLED WORKERS MINIMUM WAGE DISPOSABLE INCOME INCOME INTEREST INFORMATION LABOR FORCE DEVELOPING COUNTRIES MONITORING DISTRIBUTION OF INCOME POLITICAL ECONOMY FISCAL POLICY COPYRIGHT CLEARANCE CENTER MORTGAGE WORLD DEVELOPMENT INDICATORS EFFECTS SUBSIDY PRICE TAX REAL INCOME INCOME TAX REAL WAGES LABOR FORCE PARTICIPATION PENSION SYSTEM TELEPHONE SERVICES PENSION WAGE GROWTH DRIVERS PRIVATE SAVINGS LABOR MARKET SAVINGS TRAINING INFORMAL ECONOMY NATURAL DISASTER CAPITAL GAINS EMPLOYEES PENSION MARKET WAGES FERTILITY RATES PENSION CONTRIBUTIONS RETIREMENT AGE TAX LIABILITIES INTEREST RATES PRODUCTIVITY CASH PAYMENT GLOBALIZATION TRANSFERS OLDER WORKERS WAGE POLICIES PUBLIC FINANCE CAPITAL ASSETS SOCIAL PROTECTION MIDDLE-INCOME COUNTRIES STANDARDS LABOR DIVIDENDS HIGH WAGES NATURAL RESOURCES GROSS DOMESTIC PRODUCT URBAN WORKERS PUBLIC COMPANIES HOURLY WAGES PUBLIC PENSIONS SUBSIDIES REAL ESTATE LIBERALIZATION MINIMUM WAGES SKILLED WORKER TAXES FEMALE LABOR MARKET ECONOMY UNEMPLOYMENT MORTGAGE CREDIT INCOME TAXES EQUITY HUMAN CAPITAL TECHNOLOGICAL CHANGE TAX RATE WAGES POLICIES VOLATILITY UNEMPLOYMENT RATE FINANCIAL CRISIS TURNOVER FUTURE MARKET PRICES PENSIONS CASH PAYMENTS REGULATORY ENVIRONMENT OCCUPATIONS SUSTAINABLE GROWTH INCOMES LABOR MARKET CHARACTERISTICS CORPORATE TAXES TAX RATES JOB CREATION RURAL WORKERS SHARES STAMP DUTIES ECONOMICS WAGE POLICY TREASURY OUTPUT ECONOMIC INEQUALITY INFLATION RATES SHAREHOLDERS ENFORCEMENT INSURANCE WAGE STRUCTURE MANUFACTURING INDUSTRIES INTERESTS TAX CODE SECURITY NATURAL RESOURCE RISK SHARE TAX SYSTEM ECONOMIC CRISIS FEMALE LABOR FORCE BUSINESS ENVIRONMENT SUPPLY BANKING ECONOMIC DOWNTURN LAW HOURLY WAGE FINANCIAL SUPPORT CONSUMER PRICE INDEX COMMUNICATION PENSION FUND ASSET SALES DEMOGRAPHIC WAGE DISTRIBUTION LABOR MARKETS COMMODITY PRICES OUTCOMES COMMODITY PRICES TAX STRUCTURE COMPETITION World Bank Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| geographic_facet |
Europe and Central Asia Russian Federation |
| description |
The Russian Federation has sustained
significant growth over the past decade, accompanied by high
rates of income mobility for all groups in the population.
The positive outcomes in economic growth were accompanied by
economic mobility for most households, reflected in
substantial poverty reduction. Inclusive growth has led to a
positive performance of the country in terms of shared
prosperity - measured by the income and consumption growth
of the bottom 40 percent of the welfare distribution.
Notwithstanding the positive performance observed, the
recent trends suggest sustainability concerns. Alongside the
inclusive economic growth, economic mobility has improved
remarkably in the country as reflected by the growth of the
middle class. Upward economic mobility in Russia appears to
be the result of both increases in average income levels and
changes in the distribution of income. Given the positive
outcomes observed, the question is, to what extent is
Russia’s favorable performance in terms of shared prosperity
sustainable? To this end, this note explores the main
drivers behind the progress to date. The evolutions of the
labor market, on one hand, and the incidence of the fiscal
system, on the other, appear as the two main factors driving
the observed poverty reduction, increase in the income of
the bottom 40, and growth of the middle class in Russia. The
note is structured as follows: section one gives
introduction. Section two presents an analysis of labor
income, including an overview of market dynamics and the
reduction of wage inequality in the country. Section three
presents a summary of the lessons derived from the analysis
that can inform policy dialogue and contribute to ensuring
the sustainability of the progress achieved in shared
prosperity going forward. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| title_short |
Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| title_full |
Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| title_fullStr |
Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| title_full_unstemmed |
Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income |
| title_sort |
poverty and shared prosperity in russia : deconstructing russia’s shared prosperity success -- the role of labor and non-labor income |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/05/24667312/russia-poverty-shared-prosperity-russia-deconstructing-russia’s-shared-prosperity-success-role-labor-non-labor-income http://hdl.handle.net/10986/22272 |
| _version_ |
1764450673755160576 |
| spelling |
okr-10986-222722021-04-23T14:04:08Z Poverty and Shared Prosperity in Russia : Deconstructing Russia’s Shared Prosperity Success -- The Role of Labor and Non-Labor Income World Bank GROWTH RATES EMPLOYMENT FINANCIAL SERVICES COPYRIGHT CLEARANCE UNEMPLOYMENT RATES RIGHTS ECONOMIC GROWTH SKILLED WORKERS MINIMUM WAGE DISPOSABLE INCOME INCOME INTEREST INFORMATION LABOR FORCE DEVELOPING COUNTRIES MONITORING DISTRIBUTION OF INCOME POLITICAL ECONOMY FISCAL POLICY COPYRIGHT CLEARANCE CENTER MORTGAGE WORLD DEVELOPMENT INDICATORS EFFECTS SUBSIDY PRICE TAX REAL INCOME INCOME TAX REAL WAGES LABOR FORCE PARTICIPATION PENSION SYSTEM TELEPHONE SERVICES PENSION WAGE GROWTH DRIVERS PRIVATE SAVINGS LABOR MARKET SAVINGS TRAINING INFORMAL ECONOMY NATURAL DISASTER CAPITAL GAINS EMPLOYEES PENSION MARKET WAGES FERTILITY RATES PENSION CONTRIBUTIONS RETIREMENT AGE TAX LIABILITIES INTEREST RATES PRODUCTIVITY CASH PAYMENT GLOBALIZATION TRANSFERS OLDER WORKERS WAGE POLICIES PUBLIC FINANCE CAPITAL ASSETS SOCIAL PROTECTION MIDDLE-INCOME COUNTRIES STANDARDS LABOR DIVIDENDS HIGH WAGES NATURAL RESOURCES GROSS DOMESTIC PRODUCT URBAN WORKERS PUBLIC COMPANIES HOURLY WAGES PUBLIC PENSIONS SUBSIDIES REAL ESTATE LIBERALIZATION MINIMUM WAGES SKILLED WORKER TAXES FEMALE LABOR MARKET ECONOMY UNEMPLOYMENT MORTGAGE CREDIT INCOME TAXES EQUITY HUMAN CAPITAL TECHNOLOGICAL CHANGE TAX RATE WAGES POLICIES VOLATILITY UNEMPLOYMENT RATE FINANCIAL CRISIS TURNOVER FUTURE MARKET PRICES PENSIONS CASH PAYMENTS REGULATORY ENVIRONMENT OCCUPATIONS SUSTAINABLE GROWTH INCOMES LABOR MARKET CHARACTERISTICS CORPORATE TAXES TAX RATES JOB CREATION RURAL WORKERS SHARES STAMP DUTIES ECONOMICS WAGE POLICY TREASURY OUTPUT ECONOMIC INEQUALITY INFLATION RATES SHAREHOLDERS ENFORCEMENT INSURANCE WAGE STRUCTURE MANUFACTURING INDUSTRIES INTERESTS TAX CODE SECURITY NATURAL RESOURCE RISK SHARE TAX SYSTEM ECONOMIC CRISIS FEMALE LABOR FORCE BUSINESS ENVIRONMENT SUPPLY BANKING ECONOMIC DOWNTURN LAW HOURLY WAGE FINANCIAL SUPPORT CONSUMER PRICE INDEX COMMUNICATION PENSION FUND ASSET SALES DEMOGRAPHIC WAGE DISTRIBUTION LABOR MARKETS COMMODITY PRICES OUTCOMES COMMODITY PRICES TAX STRUCTURE COMPETITION The Russian Federation has sustained significant growth over the past decade, accompanied by high rates of income mobility for all groups in the population. The positive outcomes in economic growth were accompanied by economic mobility for most households, reflected in substantial poverty reduction. Inclusive growth has led to a positive performance of the country in terms of shared prosperity - measured by the income and consumption growth of the bottom 40 percent of the welfare distribution. Notwithstanding the positive performance observed, the recent trends suggest sustainability concerns. Alongside the inclusive economic growth, economic mobility has improved remarkably in the country as reflected by the growth of the middle class. Upward economic mobility in Russia appears to be the result of both increases in average income levels and changes in the distribution of income. Given the positive outcomes observed, the question is, to what extent is Russia’s favorable performance in terms of shared prosperity sustainable? To this end, this note explores the main drivers behind the progress to date. The evolutions of the labor market, on one hand, and the incidence of the fiscal system, on the other, appear as the two main factors driving the observed poverty reduction, increase in the income of the bottom 40, and growth of the middle class in Russia. The note is structured as follows: section one gives introduction. Section two presents an analysis of labor income, including an overview of market dynamics and the reduction of wage inequality in the country. Section three presents a summary of the lessons derived from the analysis that can inform policy dialogue and contribute to ensuring the sustainability of the progress achieved in shared prosperity going forward. 2015-07-21T18:09:01Z 2015-07-21T18:09:01Z 2015-05 Report http://documents.worldbank.org/curated/en/2015/05/24667312/russia-poverty-shared-prosperity-russia-deconstructing-russia’s-shared-prosperity-success-role-labor-non-labor-income http://hdl.handle.net/10986/22272 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Poverty Study Europe and Central Asia Russian Federation |