IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2020id3244.html
   My bibliography  Save this article

Russian middle class: Structure and financial behavior

Author

Listed:
  • N. V. Orlova
  • N. A. Lavrova

Abstract

While the term “middle class” is widely used in economic literature, its quantitative estimates vary greatly, and the choice of an appropriate methodology is one of the key issues. Applying the base income approach together with behavioral metrics, we estimated the share of the Russian middle class at around 32% of population in 2018, the lowest level in the last decade. The deterioration observed in the position of the middle class was partially mirrored in the behavioral changes. This group of population was less engaged in the credit boom which started since 2016 and did not actively use financial leverage to support its consumption. Finally, the Russian middle class has changed its social landscape: the analysis of its occupational activity shows a strong shift towards state employment rather than entrepreneurial activity.

Suggested Citation

  • N. V. Orlova & N. A. Lavrova, 2020. "Russian middle class: Structure and financial behavior," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    • Handle: RePEc:nos:voprec:y:2020:id:3244
    DOI: 10.32609/0042-8736-2020-11-32-46
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/3244/2322
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2020-11-32-46?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2020:id:3244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.