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Financial Situation of Large Families and Factors of Their Income Growth

Author

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  • Elena E. Grishina

    (Institute of Economics of the Russian Academy of Sciences, Moscow, Russian Federation)

Abstract

The article analyzes changes in the financial situation of large families in the period from 2018 to 2022 using the data of the Rosstat’s Comprehensive Observation of Living Conditions of the Population for 2018 and 2022. The prevalence of various deprivations among large households and households with children in general is estimated. Changes in household income relative to the poverty line and deprivation level between 2018 and 2022 are calculated. It is shown that despite the improvement in financial status between 2018 and 2022, large families continue to experience significant risks of poverty and deprivation. To assess the factors affecting the incomes of large households, Rosstat data of the Sample Survey of Population Income and Participation in Social Programs (VNDN-2022) were used. Regression analysis shows that employment of adult members of a large family, improvement of their education and qualification level will contribute to the growth of average per capita family income relative to the poverty line. The article outlines proposals for increasing the labor potential of large families, improving their financial situation and reducing poverty.

Suggested Citation

  • Elena E. Grishina, 2024. "Financial Situation of Large Families and Factors of Their Income Growth," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 45-60, February.
    • Handle: RePEc:fru:finjrn:240103:p:45-60
    DOI: 10.31107/2075-1990-2024-1-45-60
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    References listed on IDEAS

    as
    1. James Heckman, 2011. "Policies to foster human capital," Voprosy obrazovaniya / Educational Studies Moscow, National Research University Higher School of Economics, issue 3, pages 73-137.
    2. Elena I. Andreeva & Dmitry G. Bychkov & Olesya A. Feoktistova, 2016. "Regional Approaches to Optimization of Sub-federal Systems of Social Support Benefits in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 25-36, October.
    3. Elena E. Grishina, 2017. "The Material Deprivation Rate for Households with Children in Russia and European Countries," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 47-55, August.
    4. Mariya N. Kirillova & Ol’ga F. Seliverstova, 2017. "Analysis of Social Support Measures for Large Families, Poor Families and Single-parent Families with Children," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 98-109, December.
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    More about this item

    Keywords

    large families; households with three or more children; financial situation; income; support measures;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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