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The Impact of Finance on the Level and the Quality of Life: The Case of Kazakhstan

Author

Listed:
  • R.K. Serkebayeva
  • G.K. Kazbekov
  • R.K. Sabirova
  • R.S. Utaliyeva
  • L.B. Izbassarova

Abstract

Discussion regarding the issues of this article are problematic in many countries, however there are States which standard of living is striven in the post-Soviet space. For example, Kazakhstan pays serious attention to the problem of the growth of the level and quality of life and they are the main problem of the social policy of the state. The specificity of the post-Soviet perception (due to the recent past) of the state of quality of life consists of comparison of the standard of living before and after the acquisition of sovereignty by these countries. And it is quite logical that the consideration of the problem of the growth of quality of life in Kazakhstan and their regulation result from the Soviet practice, when the state determined the standards of living of citizens. At the present stage, the state leads socio-economic policy from the available financial resources and the level of development of household finances. In view of market realities, the state can influence the total income of the household through financial instruments such as taxes, interest rate, minimum subsistence level, social guarantees and payments.

Suggested Citation

  • R.K. Serkebayeva & G.K. Kazbekov & R.K. Sabirova & R.S. Utaliyeva & L.B. Izbassarova, 2018. "The Impact of Finance on the Level and the Quality of Life: The Case of Kazakhstan," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 859-874.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:4:p:859-874
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    References listed on IDEAS

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    1. Michael Hagerty & Robert Cummins & Abbott Ferriss & Kenneth Land & Alex Michalos & Mark Peterson & Andrew Sharpe & Joseph Sirgy & Joachim Vogel, 2001. "Quality of Life Indexes for National Policy: Review and Agenda for Research," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 55(1), pages 1-96, July.
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    Cited by:

    1. Agnieszka Sompolska-Rzechula & Agnieszka Kurdys-Kujawska, 2020. "Quality of Life of Rural and Urban Population in Poland: Evaluation and Comparison," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 645-656.

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    More about this item

    Keywords

    Person; quality of life; standard of living; finance; income.;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G4 - Financial Economics - - Behavioral Finance
    • H8 - Public Economics - - Miscellaneous Issues
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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