Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia
| Autor: | Cancho, César, Dávalos, Maria E., Sánchez-Páramo, Carolina |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
ECONOMIC PERFORMANCE
INFORMATION VALUATION LABOR MARKET EXPERIENCES ECONOMIC GROWTH PLANNED ECONOMIES SELF‐EMPLOYED MEASUREMENT JOB PRIVATE EMPLOYMENT DRIVERS PROBIT REGRESSIONS EMPLOYMENT MARKET ECONOMIES HIGH UNEMPLOYMENT UNEMPLOYMENT INCOME JOB MARKET MACROECONOMICS OUTCOMES WORKERS JOBS PERFORMANCE INDICATORS HOUSEHOLD CONSUMPTION POVERTY EMPLOYMENT OUTCOMES DISTRIBUTION YOUNGER WORKERS GINI COEFFICIENT ECONOMIC BOOM EMPLOYMENT HISTORIES STANDARDS ORGANIZATIONS PRIVATE FIRM PRIMARY EDUCATION LIVING STANDARDS HIGHER INEQUALITY AGE GROUP DEVELOPMENT ECONOMICS WORKER DEMOCRACY MARKETS ECONOMIC INEQUALITY LABOR RELATIONS UNEMPLOYED FINANCE DEVELOPMENT BUSINESS CYCLE EMPLOYMENT SITUATION REGRESSION ANALYSIS PRICES WAGES RETIREMENT AGE GROUPS HOUSEHOLD CHARACTERISTICS ENTREPRENEURIAL ABILITY WELFARE ECONOMIC SITUATION NATIONAL UNEMPLOYMENT RATE PRODUCTION LABOR MARKET INCOME INEQUALITY INFLUENCE CONSUMPTION UNEMPLOYED PEOPLE GDP PER CAPITA THEORY DEVELOPMENT POLICY INCOME LEVELS ECONOMIC EXPANSION MACROECONOMIC PERFORMANCE RISKS PROBIT REGRESSION ECONOMIC CONDITIONS EMPLOYMENT SHARE EMPLOYMENT HISTORY LABOUR OFFICE DECLINE IN POVERTY SUB-REGIONS NATIONAL UNEMPLOYMENT UNEMPLOYMENT BENEFITS GDP VARIABLES EMPLOYMENT STATUS LABOUR ECONOMIC MOBILITY POLITICAL ECONOMY ACCOUNTING NATIONAL UNEMPLOYMENT RATES INCOME DISTRIBUTION PREVIOUS RESULTS UTILITY VALUE RISK UNEMPLOYMENT RATE REGIONS SELF EMPLOYED EFFECTS INCOME EFFECT PRIVATE SECTOR EQUITY TRANSITION ECONOMIES ECONOMIC SURVEYS LOTTERY HIGH UNEMPLOYMENT RATES TRAINING YOUNG WORKERS ECONOMY REGION PLANNED ECONOMY UNEMPLOYMENT RATES LABOR POLITICS INCOME DISTRIBUTIONS ECONOMICS PUBLIC EMPLOYMENT ECONOMIC SYSTEMS MOTIVATION LABOR FORCE SOCIAL CAPITAL EMPLOYMENT INFORMATION DIMINISHING RETURNS OLDER WORKERS MARKET ECONOMY |
| Popis: | Despite significant improvements in per capita expenditures and a marked decline in poverty over the 2000s, a large fraction of Eastern Europe and Central Asias population reports their economic situation in the late 2000s to be worse than in 1989. This paper uses data from the Life in Transition Survey to document the gap between objective and subjective economic mobility and investigate what may drive this apparent disconnection. The paper aims at identifying some of the drivers behind subjective perceptions of economic mobility, focusing on the role of perceptions of fairness and trust in shaping peoples perceptions of their upward or downward mobility. The results show that close to half of the households in the region perceive to have experienced downward economic mobility, that is, that their position in the income distribution has deteriorated. The results also show that perceptions of higher inequality, unfairness, and distrust in public institutions are associated with downward subjective economic mobility. The findings from this study confirm that factors beyond objective well-being are associated with the perceptions of mobility observed in Europe and Central Asia and may explain why the region has had such a pessimistic view of economic mobility during the past two decades. Understanding what drives peoples perceptions of their living standards and quality of life is important, because regardless of objective measures, perceptions could influence peoples behavior, including support for reforms and labor market decisions. For Eastern Europe and Central Asia, a region that has undergone substantive transformations and which is still going through a reform process, accounting for these aspects is critical. |
| Databáze: | OpenAIRE |
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