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Influence οf Households’ Borrowings οn Consumer Spending During the Escalation of the Crisis

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  • Nivorozhkina L.I.
  • Tregubova A.A.
  • Batashev R.V.

Abstract

This article investigates the relationship between the borrowing activity of Russian households and their current conumer expendatures in the period of escalation of the social and economic crisis. The analysis was conducted on the basis of data provided by the Russian Longitudinal Monitoring Survey, RLMS-HSE for 2015. The paper proposes and implements an approach that makes it possible to assess the impact of borrowings on inequality in consumption and poverty among households. It was revealed that the need of repayment results in saving on food, medical treatment and other vital needs for an overwhelming number of households. This is especially acute among families being beyond the poverty threshold.

Suggested Citation

  • Nivorozhkina L.I. & Tregubova A.A. & Batashev R.V., 2018. "Influence οf Households’ Borrowings οn Consumer Spending During the Escalation of the Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 485-496.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:485-496
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    References listed on IDEAS

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    More about this item

    Keywords

    : Credit behaviour; households; poverty; inequality; consumer spending; hidden income.;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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