The Standard and Quality of Life in the Republic of Buryatia

Abstract

ABSTRACT This article presents a comparative analysis of the socioeconomic indicators of the standard and quality of life in the Republic of Buryatia. Based on a system of social standards, the author considers the differentiation of the populations’ standard and quality of life in 2012–2016. The dynamics of the monetary incomes of the population are analyzed and certain features are highlighted. An increase in per-capita income is described against the background of a slight decrease in the degree of differentiation by income and a high degree of heterogeneity regarding the population’s well-being. These features of income generation are underpinned by low wages among certain types of employees and by significant unemployment among the population. It is concluded that a regional stimulus policy should be adopted to support the kind of economic development that will reduce the income gap of various population groups in the region.