DIFFERENTIATION OF THE POPULATION MONETARY INCOME AND A SENSE OF SUBJECTIVE WELLBEING IN THE RUSSIAN FEDERATION AND OTHER COUNTRIES OF THE EURASIAN ECONOMIC UNION
Olga Voronkova, Elena StukalenkoThe article presents an analysis of the dynamics of the indicators characterizing the level and quality of life of the population in the countries of the Eurasian Economic Union. The research analyses the economic situation of the countries from 2011 until 2014, i.e. before the official formation of the Union. The rise of interest for the use of non-standard methods of quality of life measurement for international comparisons has increased in recent times. The scientific community has faced the question: how is it possible to compare the quality of life between countries if every country has its own standards? Moreover, a sense of wellbeing is always relative. In spite of the fact that such macroeconomic indicators as average GDP per capita, the monetary income of population and the Gini coefficient are useful in studying the level and quality of life, they don’t allow us to effectively analyze the level of life satisfaction. In modern research the methods of subjective wellbeing estimation are of great importance. Formal macroeconomic indicators combined with the data of subjective perception of wellbeing allow us to get a more exact picture of current events, including social, political, etc. This research has shown that the assessment of the subjective perception of wellbeing doesn’t always correspond to the objective indicators. For example, despite the low objective indicators of the level of living, the Kyrgyzstan population is more satisfied with its material wellbeing and life in general than the population of other countries of the Union. In conclusion, it can be stated that the level of income inequality in a country can affect the indicators of the subjective perception of wellbeing. It should be noted that subjective indicators have certain problems.