title: Does the availability of financial services affect the level of population well-being in the Russian Federation?
metadata.name: dc.contributor.author
metadata.value: Isupova, Ekaterina N.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Vart, Semen Yu.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Bekareva, Svetlana V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2024-03-27T18:17:10Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2024-03-27T18:17:10Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2024-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Isupova, E. N., Vart, S. Yu. and Bekareva, S. V. (2024) ‘Does the availability of financial services affect the level of population well-being in the Russian Federation?’, St. Petersburg University Journal of Economic Studies, 40 (1), pp. 102–126. https://doi.org/10.21638/spbu05.2024.105 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2024.105
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/45149
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The development of financial markets is a prerequisite for the stable growth of the country’s
  economy. The availability of financial services, provided that markets work effectively, can
  lead to a noticeable reduction in inequality in society and a reduction in the level of poverty
  in the economy. An increase in inequality is not necessarily accompanied by an increase in
  the overall level of poverty. The reasons for the deteriorating financial situation of individual
  citizens may be the lack of financial literacy and investment in human capital, which often
  in practice leads to irrational financial decisions. In our study, we tried to empirically assess
  how the indicator of the level of poverty and the availability of individual financial services
  for Russian citizens are related in the aggregate sample, focusing on the theoretical explanation
  of the indirect influence of the factor of availability of financial services on the overall
  level of poverty in the Russian Federation at the micro level. We used the HSE RMEZ data
  from 2010–2021 as a statistical database for more than 103 thousand household households.
  We determined the status of a household based on a comparison of the actual income level
  and the subsistence minimum established in a particular region. The resulting binary variable
  eventually acted as a dependent. The regressors were the following indicators: education,
  age, family status, the presence of children, the period of maternity leave, the health of
  individuals, as well as factors of availability of financial services. Based on the application of the binary choice model, we came to the conclusion that large families, women on maternity
  leave, the unemployed, individuals without higher education, as well as those living in rural
  areas have a high probability of being among poor households. Based on empirical data, we
  also determined that in the regions of the Russian Federation in the period under review,
  the availability of bank cards or a deposit can reduce the likelihood of a household becoming
  poor by an average of 3–5 %.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 40; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: availability of financial services
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: poverty
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: logistics model
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Does the availability of financial services affect the level of population well-being in the Russian Federation?
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 05.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/45149/1/05.pdf
resources.format: Adobe PDF
resources.size: 797,69 kB