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Economic insecurity in transition: A primary commodities perspective

Ivlevs, Artjoms

Authors

Tom Ivlevs A.Ivlevs@uwe.ac.uk
Associate Professor in Economics



Abstract

This paper studies the individual and household-level determinants of economic insecurity in post-socialist countries. Exploring subjective, backward- and forward-looking measures of economic insecurity, the paper focuses on: (1) the perceptions of past affordability of primary commodities; and (2) worries about their consumption in the future. We find that low affordability of primary commodities and big worries about their future consumption are experienced by rural residents, people with poor health, and households headed by females, less-educated, and unemployed persons. In addition, low affordability is reported by people with low incomes and non-Russian ethnic minorities, while high affordability is reported by people for whom remittances are the main source of income. Worries about primary commodities are more prevalent among "younger" households, big-city dwellers and people receiving moderate amounts of remittances. People who have experienced lower affordability of primary commodities in the recent past report higher worries about their consumption in the future. © 2013 International Association for Research in Income and Wealth.

Journal Article Type Article
Publication Date Jan 1, 2014
Journal Review of Income and Wealth
Print ISSN 0034-6586
Electronic ISSN 1475-4991
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 60
Issue S1
Pages S117-S140
APA6 Citation Ivlevs, A. (2014). Economic insecurity in transition: A primary commodities perspective. Review of Income and Wealth, 60(S1), S117-S140. https://doi.org/10.1111/roiw.12038
DOI https://doi.org/10.1111/roiw.12038
Keywords economic insecurity, primary commodities, transition economies, ethnicity, remittances
Publisher URL http://dx.doi.org/10.1111/roiw.12038
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