Can the Large Swings in Russian Life Satisfaction be Explained by Ups and Downs in Real Incomes?*
利用俄罗斯面板数据，研究发现实际收入变化仅能解释1996-2000年间生活满意度总变动的10%，但某些年份间变动可达30%。
Abstract Russians reported large changes in their life satisfaction over the post‐transition years. In this paper, we explore the factors that drove these changes, focusing on exogenous income changes, using panel data from the Russian Longitudinal Monitoring Survey over the period 1995 to 2001 and implementing a recently developed ordinal fixed‐effects estimator. We apply a causal decomposition technique that allows for bias arising from panel attrition when establishing aggregate trends in life satisfaction. Changes in real household incomes explained 10% of the total change in reported life satisfaction between 1996 and 2000, but up to 30% of some year‐on‐year changes.