Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia
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....
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25700487/so-gloomy-perceptions-economic-mobility-europe-central-asia http://hdl.handle.net/10986/23619 |
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okr-10986-23619 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ECONOMIC BOOM LIVING STANDARDS SELF EMPLOYED JOBS PUBLIC EMPLOYMENT EMPLOYMENT HISTORIES EMPLOYMENT RISKS UNEMPLOYMENT RATES MOTIVATION NATIONAL UNEMPLOYMENT RATE ECONOMIC GROWTH LABOUR OFFICE ACCOUNTING PRODUCTION EMPLOYMENT SHARE POLITICS RETIREMENT VALUATION INCOME GDP PER CAPITA AGE GROUP GDP PER CAPITA INFORMATION LABOR FORCE PLANNED ECONOMY PUBLIC EMPLOYMENT POLITICAL ECONOMY WELFARE JOB EFFECTS DIMINISHING RETURNS NATIONAL UNEMPLOYMENT PRIVATE EMPLOYMENT DISTRIBUTION VARIABLES PRIVATE SECTOR EMPLOYMENT OUTCOMES EMPLOYMENT HISTORY REGION DRIVERS DEVELOPMENT LABOR MARKET PLANNED ECONOMIES INFLUENCE PRIVATE FIRM TRAINING DEVELOPMENT ECONOMICS PERFORMANCE INDICATORS ECONOMIC MOBILITY WORKER INCOME INEQUALITY DEMOCRACY UNEMPLOYED OLDER WORKERS SELF‐EMPLOYED JOB MARKET MARKETS ORGANIZATIONS BUSINESS CYCLE LOTTERY INCOME LEVELS STANDARDS LABOR UTILITY PREVIOUS RESULTS FINANCE MARKET ECONOMIES MARKET ECONOMY UNEMPLOYMENT EQUITY ENTREPRENEURIAL ABILITY CONSUMPTION EMPLOYMENT INFORMATION ECONOMIC SURVEYS HIGH UNEMPLOYMENT RATES WORKERS ECONOMIC PERFORMANCE YOUNG WORKERS WAGES EMPLOYMENT SITUATION NATIONAL UNEMPLOYMENT RATES UNEMPLOYMENT RATE HIGHER INEQUALITY VALUE INCOME DISTRIBUTIONS MACROECONOMICS LABOR MARKET EXPERIENCES AGE GROUPS PROBIT REGRESSION SUB-REGIONS INCOME DISTRIBUTION UNEMPLOYED PEOPLE EMPLOYMENT STATUS ECONOMY LABOR RELATIONS MEASUREMENT PRIVATE SECTOR HOUSEHOLD CHARACTERISTICS PROBIT REGRESSIONS INCOME EFFECT ECONOMIC SITUATION ECONOMICS ECONOMIC SYSTEMS REGRESSION ANALYSIS ECONOMIC INEQUALITY SOCIAL CAPITAL GDP THEORY REGIONS ECONOMIC EXPANSION RISK POVERTY YOUNGER WORKERS GINI COEFFICIENT HOUSEHOLD CONSUMPTION HIGH UNEMPLOYMENT DECLINE IN POVERTY UNEMPLOYMENT BENEFITS TRANSITION ECONOMIES PRIMARY EDUCATION LABOUR MARKET ECONOMY OUTCOMES MACROECONOMIC PERFORMANCE PRICES ECONOMIC CONDITIONS DEVELOPMENT POLICY |
| spellingShingle |
ECONOMIC BOOM LIVING STANDARDS SELF EMPLOYED JOBS PUBLIC EMPLOYMENT EMPLOYMENT HISTORIES EMPLOYMENT RISKS UNEMPLOYMENT RATES MOTIVATION NATIONAL UNEMPLOYMENT RATE ECONOMIC GROWTH LABOUR OFFICE ACCOUNTING PRODUCTION EMPLOYMENT SHARE POLITICS RETIREMENT VALUATION INCOME GDP PER CAPITA AGE GROUP GDP PER CAPITA INFORMATION LABOR FORCE PLANNED ECONOMY PUBLIC EMPLOYMENT POLITICAL ECONOMY WELFARE JOB EFFECTS DIMINISHING RETURNS NATIONAL UNEMPLOYMENT PRIVATE EMPLOYMENT DISTRIBUTION VARIABLES PRIVATE SECTOR EMPLOYMENT OUTCOMES EMPLOYMENT HISTORY REGION DRIVERS DEVELOPMENT LABOR MARKET PLANNED ECONOMIES INFLUENCE PRIVATE FIRM TRAINING DEVELOPMENT ECONOMICS PERFORMANCE INDICATORS ECONOMIC MOBILITY WORKER INCOME INEQUALITY DEMOCRACY UNEMPLOYED OLDER WORKERS SELF‐EMPLOYED JOB MARKET MARKETS ORGANIZATIONS BUSINESS CYCLE LOTTERY INCOME LEVELS STANDARDS LABOR UTILITY PREVIOUS RESULTS FINANCE MARKET ECONOMIES MARKET ECONOMY UNEMPLOYMENT EQUITY ENTREPRENEURIAL ABILITY CONSUMPTION EMPLOYMENT INFORMATION ECONOMIC SURVEYS HIGH UNEMPLOYMENT RATES WORKERS ECONOMIC PERFORMANCE YOUNG WORKERS WAGES EMPLOYMENT SITUATION NATIONAL UNEMPLOYMENT RATES UNEMPLOYMENT RATE HIGHER INEQUALITY VALUE INCOME DISTRIBUTIONS MACROECONOMICS LABOR MARKET EXPERIENCES AGE GROUPS PROBIT REGRESSION SUB-REGIONS INCOME DISTRIBUTION UNEMPLOYED PEOPLE EMPLOYMENT STATUS ECONOMY LABOR RELATIONS MEASUREMENT PRIVATE SECTOR HOUSEHOLD CHARACTERISTICS PROBIT REGRESSIONS INCOME EFFECT ECONOMIC SITUATION ECONOMICS ECONOMIC SYSTEMS REGRESSION ANALYSIS ECONOMIC INEQUALITY SOCIAL CAPITAL GDP THEORY REGIONS ECONOMIC EXPANSION RISK POVERTY YOUNGER WORKERS GINI COEFFICIENT HOUSEHOLD CONSUMPTION HIGH UNEMPLOYMENT DECLINE IN POVERTY UNEMPLOYMENT BENEFITS TRANSITION ECONOMIES PRIMARY EDUCATION LABOUR MARKET ECONOMY OUTCOMES MACROECONOMIC PERFORMANCE PRICES ECONOMIC CONDITIONS DEVELOPMENT POLICY Cancho, César Dávalos, Maria E. Sánchez-Páramo, Carolina Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| geographic_facet |
Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 7519 |
| description |
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. |
| format |
Working Paper |
| author |
Cancho, César Dávalos, Maria E. Sánchez-Páramo, Carolina |
| author_facet |
Cancho, César Dávalos, Maria E. Sánchez-Páramo, Carolina |
| author_sort |
Cancho, César |
| title |
Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| title_short |
Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| title_full |
Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| title_fullStr |
Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| title_full_unstemmed |
Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia |
| title_sort |
why so gloomy? : perceptions of economic mobility in europe and central asia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2015/12/25700487/so-gloomy-perceptions-economic-mobility-europe-central-asia http://hdl.handle.net/10986/23619 |
| _version_ |
1764454349125189632 |
| spelling |
okr-10986-236192021-04-23T14:04:16Z Why So Gloomy? : Perceptions of Economic Mobility in Europe and Central Asia Cancho, César Dávalos, Maria E. Sánchez-Páramo, Carolina ECONOMIC BOOM LIVING STANDARDS SELF EMPLOYED JOBS PUBLIC EMPLOYMENT EMPLOYMENT HISTORIES EMPLOYMENT RISKS UNEMPLOYMENT RATES MOTIVATION NATIONAL UNEMPLOYMENT RATE ECONOMIC GROWTH LABOUR OFFICE ACCOUNTING PRODUCTION EMPLOYMENT SHARE POLITICS RETIREMENT VALUATION INCOME GDP PER CAPITA AGE GROUP GDP PER CAPITA INFORMATION LABOR FORCE PLANNED ECONOMY PUBLIC EMPLOYMENT POLITICAL ECONOMY WELFARE JOB EFFECTS DIMINISHING RETURNS NATIONAL UNEMPLOYMENT PRIVATE EMPLOYMENT DISTRIBUTION VARIABLES PRIVATE SECTOR EMPLOYMENT OUTCOMES EMPLOYMENT HISTORY REGION DRIVERS DEVELOPMENT LABOR MARKET PLANNED ECONOMIES INFLUENCE PRIVATE FIRM TRAINING DEVELOPMENT ECONOMICS PERFORMANCE INDICATORS ECONOMIC MOBILITY WORKER INCOME INEQUALITY DEMOCRACY UNEMPLOYED OLDER WORKERS SELF‐EMPLOYED JOB MARKET MARKETS ORGANIZATIONS BUSINESS CYCLE LOTTERY INCOME LEVELS STANDARDS LABOR UTILITY PREVIOUS RESULTS FINANCE MARKET ECONOMIES MARKET ECONOMY UNEMPLOYMENT EQUITY ENTREPRENEURIAL ABILITY CONSUMPTION EMPLOYMENT INFORMATION ECONOMIC SURVEYS HIGH UNEMPLOYMENT RATES WORKERS ECONOMIC PERFORMANCE YOUNG WORKERS WAGES EMPLOYMENT SITUATION NATIONAL UNEMPLOYMENT RATES UNEMPLOYMENT RATE HIGHER INEQUALITY VALUE INCOME DISTRIBUTIONS MACROECONOMICS LABOR MARKET EXPERIENCES AGE GROUPS PROBIT REGRESSION SUB-REGIONS INCOME DISTRIBUTION UNEMPLOYED PEOPLE EMPLOYMENT STATUS ECONOMY LABOR RELATIONS MEASUREMENT PRIVATE SECTOR HOUSEHOLD CHARACTERISTICS PROBIT REGRESSIONS INCOME EFFECT ECONOMIC SITUATION ECONOMICS ECONOMIC SYSTEMS REGRESSION ANALYSIS ECONOMIC INEQUALITY SOCIAL CAPITAL GDP THEORY REGIONS ECONOMIC EXPANSION RISK POVERTY YOUNGER WORKERS GINI COEFFICIENT HOUSEHOLD CONSUMPTION HIGH UNEMPLOYMENT DECLINE IN POVERTY UNEMPLOYMENT BENEFITS TRANSITION ECONOMIES PRIMARY EDUCATION LABOUR MARKET ECONOMY OUTCOMES MACROECONOMIC PERFORMANCE PRICES ECONOMIC CONDITIONS DEVELOPMENT POLICY 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. 2016-01-12T20:51:54Z 2016-01-12T20:51:54Z 2015-12 Working Paper http://documents.worldbank.org/curated/en/2015/12/25700487/so-gloomy-perceptions-economic-mobility-europe-central-asia http://hdl.handle.net/10986/23619 English en_US Policy Research Working Paper;No. 7519 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |