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Events

Modelling the distributional impact of the Covid-19 Crisis in Russia

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The Institute for Social Policy at the National Research University Higher School of Economics will held on Thursday, October 22 at 4 p.m. the 14th academic workshop on the topic of Modelling the distributional impact of the Covid19 Crisis in Russia. The event is organized on the online platform Zoom in cooperation with the World Bank within the series of events under the topic “Active Ageing Policy and Pension Reforms: Russian and International Experience”.

Speakers:

 
 

 

Mikhail Matysin, Economist, Poverty and Equity Global Practice, World Bank

 

Daria Popova, Leading Research Fellow, Institute for Social Policy, Higher School of Economics, and Deputy Director, Centre for Microsimulation and Policy Analysis, ISER, University of Essex

 

Samuel Freije-Rodríguez, Lead Economist, Poverty and Equity Global Practice, World Bank

 

Modelling the distributional impact of the Covid19 Crisis in Russia: application of themicrosimulation model RUSMOD

This paper presents the results of the impact assessment of the COVID19 crisis and the related policy interventions on the income distribution and poverty. The analyses are based on RUSMOD, the tax-benefit model for Russia, which allows for assessing the redistributive effects of most existing taxes and benefits in Russia at the federal and the regional level.We find that the crisis has affected the bottom of the distribution to a smaller extent than the top deciles, that are more dependent on labor incomes. Fiscal and social policies adopted before and after the crisis benefitted the poor more than the rest of the population and constituted a coordinated effort to be strongly progressive. As a result, the net effect of the crisis is also strongly progressive at the bottom of the distribution. The social policy measures were mostly targeted at the families with multiple children. These are groups known to have higher poverty rates than the rest of the population, so an extension in coverage and sufficiency of these programs is expected to have a progressive, poverty-reducing impact. At the regional level the effect is also pro-poor: poorer regions suffer less from the income contraction and benefit more from the fiscal and social policy measures than the richer ones. The poverty rates declined in the poorer regions and increased in the richer ones as a result of the analyzed interventions.

 
 

 Moderators:

 
 

 Oksana Sinyavskaya, Deputy Director, Institute for Social Policy, Higher School of Economics

 

Svetlana Mareeva, Director, Center of Stratification Studies   

 Panelists:

 
 

 Ruslan Yemtsov, Human Development Program Leader for China, Mongolia and Korea,World Bank

 

Vladimir Gimpelson, Director, Center of Labor Market Studies,Higher School of Economics


 

Venue: ZOOM platform

Date and time: October 22, 2020, 4 p.m. – 6 p.m.

Working languages: Russian, English

Media representatives are kindly asked to contact the University press service at press@hse.ru for accreditation to the event.