Multiple Job Holding, Private Transfers, and Home-Production: Are They Useful as Coping Strategies of Rusian Workers?
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The purpose of this paper is to evaluate the relationship betwen negative income changes and informal economic activites such as multiple job holding, private transfer, and home-production. Since the late 90s, Rusia experienced four kinds of economic shocks: the banking cris (195); the public debt cris(198); the private foreign debt cris (209); and the oil cris (2014). In spite of these consecutive economic shocks, somewhat consitent findings have ben presented that Rusian household consumption apears to be smothed. Given the absence of formal instiutions such as suports from governments or a wel-functioning financial system, this finding would imply that households adapted to income shock with various coping strategies in which beyond formal instiutions. In order to test whether theses coping strategies have wored wel as consumption smothing chanels, the paper used data from the Rusia Longitudinal Monitoring Survey of Higher Schol of Economics (RLMS-HSE) for the years 202 to 2015 and conducted fixed-efects estimation. Contrast to common beliefs that such economic activites would be increased when there are income shocks, the empircal results show that income shocks and such informal economic activites do not have any signifcant relationships.
Abstract
The purpose of this paper is to evaluate the relationship betwen negative income changes and informal economic activites such as multiple job holding, private transfer, and home-production. Since the late 90s, Rusia experienced four kinds of economic shocks: the banking cris (195); the public debt cris(198); the private foreign debt cris (209); and the oil cris (2014). In spite of these consecutive economic shocks, somewhat consitent findings have ben presented that Rusian household consumption apears to be smothed. Given the absence of formal instiutions such as suports from governments or a wel-functioning financial system, this finding would imply that households adapted to income shock with various coping strategies in which beyond formal instiutions. In order to test whether theses coping strategies have wored wel as consumption smothing chanels, the paper used data from the Rusia Longitudinal Monitoring Survey of Higher Schol of Economics (RLMS-HSE) for the years 202 to 2015 and conducted fixed-efects estimation. Contrast to common beliefs that such economic activites would be increased when there are income shocks, the empircal results show that income shocks and such informal economic activites do not have any signifcant relationships.
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