Economic Growth and the Middle Class in an Economy in Transition

More about the book

The book explores the evolution of the middle class in Russia from 1991 to 2008, analyzing economic reforms and income distribution during the transition period. It begins with a discussion on the middle class concept and the economic landscape, followed by an examination of income bipolarization's relationship with the middle class. The final section employs a semiparametric "mixture model" to identify different income groups and their socio-economic characteristics, while also investigating household mobility in and out of the middle class. It offers valuable insights for researchers and practitioners in economics and inequality.