ECONOMIC RESEARCH Hits: 1155

ECONOMIC RESEARCH

Purchasing Power of Monetary Incomes of the Population of Russia in the Context of Modern Challenges

Aleftina A. Gulyugina

Размер файла395-406  Размер файла  514.14 KB Размер файла Full text

INDEX

RAR (Research Article Report)

DOI: 10.52180/1999-9836_2023_19_3_7_395_406

EDN: MCQQSC

AUTHOR

Aleftina A. Gulyugina

Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0002-5413-5272 

РИНЦ Author ID: 305797

WoS ResearcherID: H-2175-2018

FOR CITATION

Gulyugina A. A. Purchasing Power of Monetary Incomes of the Population of Russia in the Context of Modern Challenges. Uroven' zhizni naseleniya regionov Rossii=Living Standards of the Population in the Regions of Russia. 2023;19(3):395-406. (In Russ.) DOI https://doi.org/10.52180/1999-9836_2023_19_3_7_395_406

ABSTRACT

The article analyzes the level and dynamics of the purchasing power of money incomes of the population of Russia in different socio-economic conditions of the period 2000–2022, determines the depth of low security and evaluates the general structure of money incomes of the population to ensure a stable positive trend in the purchasing power of per capita money incomes. The research methodology is based on the model of social stratification used in monitoring studies of incomes and living standards of the population based on the purchasing power of per capita cash income. It has been determined that by 2007 the purchasing power of the average per capita money income of the population has overcome the threshold criteria of social strata with low and below average levels of security, having reached the level of the lower middle stratum. It is shown that subsequent years are characterized by stagnation in the purchasing power of the average per capita cash income of the population and a high risk of its level shifting to a lower value. It was revealed that the level of modal per capita money income in our country is low, and its purchasing power corresponds to the low security of the population. A high level of public spending on social benefits and social assistance is stated. This indicates that the conditions for the formation of a positive trend in the purchasing power of the average per capita cash income of the population at the present stage, unfortunately, require a rapid increase in government spending on social benefits and social assistance due to insufficient growth in income from employment as the main source of cash income of the population.

KEYWORDS

monetary income, differentiation, low security, purchasing power of the population's monetary income, subsistence minimum, economic stratification, standard of living

AUTHOR BIOGRAPHУ

Aleftina A. Gulyugina

PhD in Economics, Senior Research Worker of the Department of Socioeconomic Research of Living Standards and Quality of Live at the Centre of Development of Human Potential at the RAS Institute of Economics, Moscow, Russia

REFERENCES

  1. Bobkov V.N., Litvinov V.A. et al. The quality and standard of living of the population in the new Russia (1991-2005). Moscow: VTSUZH. 2007. 719 p. (In Russ.) ISBN 978-5-87227-033-1
  2. Litvinov V.A. Monetary income and purchasing power of the population of the regions of Russia. Moscow: VTSUZH. 1998. 203 p. (In Russ.)
  3. Takmakova E.V. Purchasing power of household income as a factor of economic growth. Scientific notes of the Oryol State University. Series: Humanities and social sciences. 2010;3(37):45-52. (In Russ.)
  4. Abramyan S.I., Fedotov A.A. Human potential and the standard of living of the population: functional relationships. Ehkonomika i biznes: teoriya i praktika = Economics and Business: theory and practice. 2022;12(94):11-14. (In Russ.) DOI http://dx.doi.org/10.24412/2411-0450-2022-12-1-11-14
  5. Litvinov V.A. Purchasing power of Russians in the crisis. Uroven' zhizni naseleniya regionov Rossii = Living Standards of the Population in the Regions of Russia. 2009;(8-9):98-104. (In Russ.)
  6. Alyokhina A.A. Reduction of the purchasing power of monetary incomes of the population as a socio-economic problem. Russia and New Challenges: Economy and Society: Proceedings of the II International Scientific and Practical Conference. (Kursk, April 19, 2023). Kursk: Kursk State Agrarian University named after I.I. Ivanov. 2023;9-14. (In Russ.)
  7. Frumkin B.Ye. Income differentiation and consumption of food as a patronized good. Zhurnal Novoi ehkonomicheskoi assotsiatsii = New Economic Journal. 2020;3(47):184-189. (In Russ.) DOI http://dx.doi.org/10.31737/2221-2264-2020-47-3-9
  8. Milanovic B. Global Income Inequality: What It Is And Why It Matters? UN Department of Economic and Social Affairs. DESA Working Paper. 2006. No. 28. 17 p.
  9. Simonovits A. Simple Models of Income Redistribution. 2018, Palgrave Macmillan. 292 p. ISBN 978-3-319-72501-7; DOI https://doi.org/10.1007/978-3-319-72502-4
  10. Bussolo M., Checchi D., Peragine V. Long-term evolution of inequality of opportunity: Educated parents still matter. The Journal of Economic Inequality. 2023;21(2):277–323. DOI https://doi.org/10.1007/s10888-022-09562-6
  11. Ovcharova L.N., Popova D.O., Rudberg A.M. Decomposition of Income Inequality in Contemporary Russia. Zhurnal Novoi ehkonomicheskoi assotsiatsii = New Economic Journal. 2016;3(31):170-186. (In Russ.) DOI http://dx.doi.org/10.31737/2221-2264-2016-31-3-8
  12. Bobkov V.N., Kolmakov I.B. Identifying the social structure and the inequality of monetary incomes of the population of the Russian Federation. Ekonomika regiona = Economy of Region. 2017;13(4):971-984. (In Russ.) DOI http://dx.doi.org/10.17059/2017-4-1
  13. Kanbur R. Sustainable Development Goals and the Study of Economic Inequality. The Journal of Economic Inequality. 2021;19(1):3–11. DOI https://doi.org/10.1007/s10888-020-09452-9
  14. Voronkova E.K., Gromova E.I., Keri I.T. Present Day’s Realities of Social Standards in the Russian Federation: Consumer Basket and Living Standard. Vestnik Rossiiskogo ehkonomicheskogo universiteta imeni G.V. Plekhanova = Vestnik of the Plekhanov Russian University of Economics. 2019;(4):23-31. (In Russ.) DOI https://doi.org/10.21686/2413-2829-2019-4-23-31
  15. Bobkov V.N., Odintsova E.V., Gulyugina A.A. Consumer basket as the basis for the State guarantees of minimum monetary income of Russian citizens (Part 1). Narodonaselenie = Population. 2020;23(3):4-15. (In Russ.) DOI https://doi.org/10.19181/population.2020.23.3.1
  16. Bobkov V.N., Odintsova E.V., Gulyugina A.A. Consumer basket as the basis for the State guarantees of minimum monetary income of Russian citizens (Part 2). Narodonaselenie = Population. 2020;23(4):4-18. DOI https://doi.org/10.19181/population.2020.23.4.1 (In Russ)
  17. Surinov A.Е., Luppov А.B. Influence of Regional Differences in the Cost of Living on National Income Inequality. Ekonomika Regiona = Economy of Region. 2021;17(3):814-827. DOI https://doi.org/10.17059/ekon. reg.2021–3-7 (In Russ)
  18. Maleva T.M., Grishina E.E., Tsatsura E.A. Social Policy in the Long Term: Multidimensional Poverty and Effective Targeting. M.: Delo Publishing House. 2019. 52 p. (In Russ.) ISBN 978-5-7749-1427-2
  19. Jagannathan R., Donnelly L., McLanahan S. et al. Growing up poor but doing well: Contextual factors that predict academic success. The Journal of Economic Inequality. 2023;21(1):169–200. DOI https://doi.org/10.1007/s10888-022-09549-3
  20. Narotzky S., Besnier N. Crisis, Value, and Hope: Rethinking the Economy. Current Anthropology. 2014;55(9):4-16. DOI https://doi.org/10.1086/676327
  21. The standard of living and quality of life of the Russian population: from reality to designing the future. Ed. by V.N. Bobkov (ed.), N.V. Loktyukhina, E.F. Shamaeva. Moscow: FCTAS RAS, 2022. 274 р. (In Russ.) ISBN 978-5-89697-388-1; DOI https://doi.org/10.19181/monogr.978-5-89697-388-1.2022
  22. Twenty years of reforms through the eyes of Russians. The experience of many years of sociological measurements: analytical report: collection of scientific papers; Ed. by V.V. Petukhov, M.K. Gorshkov, R. Krumm. Moscow: The Whole World. 2011. 326 p. (In Russ.) ISBN 978-5-7777-0529-7
  23. Bobkov V. Depressing social results of the twenty-year capitalist transformation of Russia. Rossiiskii ehkonomicheskii zhurnal = Russian Economic Journal. 2012;(2):10–28. (In Russ.)
  24. Andrushchak G.V., Burdyak A.Ya., Gimpelson V.E. [et al.] The level and way of life of the population of Russia in 1989–2009 [Text]: dokl. to the XII International Scientific Conference on problems of economic and social development. (Moscow, 5–7 Apr. 2011); Ed. by E.G. Yasin.; Nats. research. uni-t "Higher School of Economics". Moscow: Publishing House of the Higher School of Economics, 2011. 86 p. (In Russ.)
  25. Dmitriev M.E., Misikhina S.G. Changes in the level of income, consumption, poverty and social needs of the Russian population during 2000–2012. Uroven' zhizni naseleniya regionov Rossii = Living Standards of the Population in the Regions of Russia. 2013;12(190):11-27. (In Russ.)
  26. Levashov V.K. Thirty years and the moment of truth of Russian transformations. Russia in reform: yearbook. 2022;(20):47-79. (In Russ.) DOI https://doi.org/10.19181/ezheg.2022.2
  27. Bobkov V.N., Gulyugina A.A., Odintsova E.V. Social consequences of thirty years of capitalist reforms in Russia. Russian Economic Journal. 2022;(1):78–107. (In Russ.) DOI https://doi.org/10.33983/0130-9757-2022-1-78-107
  28. World Investment Report 2022: International tax reforms and sustainable investment (enterprise.press). UNCTAD: [website]. URL: https://unctad.org/publications-search?f[0]=product%3A397 (date of application: 24.06.2023).
  29. Aganbegyan A.G., Klepach A.N., Porfiryev B.N., Uzyakov M.N., Shirov A.A. Post-pandemic recovery: the Russian economy and the transition to sustainable social and economic development. Problemy prognozirovaniya = Studies on Russian Economic Development. 2020;6(183):18-26. (In Russ.) DOI https://doi.org/10.47711/0868-6351-183-18-26
  30. Vinslav Yu.B. 2022: The rise of threats to national security, the actualization of the tasks of improving the quality of statemanagement of the economy. Russian Economic Journal = Russian Economic Journal. 2022;(1):4-31. (In Russ.) DOI https://doi.org/10.33983/0130-9757-2022-1-4-31
  31. Monitoring of incomes and living standards of the population of Russia – 2021. Vol. 5(201). Ed. by V.N. Bobkov, A.A. Gulyugina. Мoscow: FCTAS RAS; 2022. 114 p. (In Russ.) ISBN 978-5-89697-398-0; DOI https://doi.org/10.19181/monogr.978-5-89697-398-0.2022
  32. Bobkov V.N., Gulugina A.A. 25 Years of Monitoring Income and Living Standards of the Russian Population. Uroven' zhizni naseleniya regionov Rossii = Living Standards of the Population in the Regions of Russia. 2020;16(3):9–23. (In Russ.) DOI https://doi.org/10.19181/lsprr.2020.16.3.1

The article was submitted 04.08.2023; approved after reviewing 11.08.2023; accepted for publication 15.08.2023.