Middle-Class Russians Reduce Spending When It Comes to Themselves but Not Their Children
Middle-class Russians are more likely to reduce spending on the development of their own human capital and prioritize investing in their children instead, particularly when it comes to their children’s education. This is evidenced by a study conducted by the Centre for Studies of Income and Living Standards of HSE University.
On July 20, 2018, a new issue of the Russian population welfare monitoring was released. The issue tackles the interstate salary comparison in 2011-2017
The new issue of the monitoring analyses the dynamics of the salary levels in Russia in comparison with the salaries in the other countries, such as these ones of the Commonwealth of Independent States (CIS) ors of the Central and Eastern Europe, China and Brazil. The issue is the update of the feature published by HSE in the May issue of the monitoring in 2016.The foundation for the analysis lies on the data provided by national statistic services, statistical services of the Organisation for Economic Co-operation and Development (OECD), Interstate Statistical Committee of the CIS, the World Bank and the International Monetary Bank (IMF). According to the results of the analysis, Belarus is the only country in the CIS to reach the level of average wages in terms of purchasing power parity, which could be comparable to Russia. That is while the Belarusian figures are significantly lower than Russian ones in terms of the nominal exchange rate. The published evaluations are based on the official statistic data and hence can be applied only to the open sector of the economy. They also do not consider the palpable geographical difference of the wages level.
Russian population in 2017: incomes, expenses and social well-being. HSE monitoring: results of the year
A new issue of the HSE Monitoring of the incomes, expenses and social well-being of the Russia population was published on the page of the Institute for Social Policy. The final issue for 2017 contains official statistics review for 12 months of the past year and analysis of four waves of data specially organized for monitoring the population survey.