IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/210102p28-38.html
   My bibliography  Save this article

COVID-19 and Anti-Crisis Social Support

Author

Listed:
  • Yelena I. Andreeva

    (Financial Research Institute, Moscow 127006, Russian Federation)

  • Dmitry G. Bychkov

    (Financial Research Institute, Moscow 127006, Russian Federation)

  • Olesya A. Feoktistova

    (Financial Research Institute, Moscow 127006, Russian Federation)

Abstract

The authors analyze the response of the Russian government to the shrinking of household incomes during the 2020 economic crisis — the social support measures that were put in place to check the increase in poverty, and the social groups that were targeted by direct federal cash benefits. The anticrisis social support measures in Russia were, on the whole, comparable in composition and scope to what the governments in other countries were doing. A special feature of the Russian approach was that the new social benefits and the increased amounts of already existing benefits were addressed exclusively to families with children and were granted irrespective of household income levels. The authors estimate that the additional social support benefits, had they been implemented before the crisis, would have reduced the pre-crisis level of poverty by almost one third, although seven out of ten Russian households were left out of this additional support because they had no underage children. This leads to the conclusion that, in the future, social support policies must change to meet new challenges not only quickly, as they did during the last year’s crisis, but also in a more targeted manner.

Suggested Citation

  • Yelena I. Andreeva & Dmitry G. Bychkov & Olesya A. Feoktistova, 2021. "COVID-19 and Anti-Crisis Social Support," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 28-38, February.
  • Handle: RePEc:fru:finjrn:210102:p:28-38
    DOI: 10.31107/2075-1990-2021-1-28-38
    as

    Download full text from publisher

    File URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/1/statii/02_1_2021_v13.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.31107/2075-1990-2021-1-28-38?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Natalia V. Loktyuhina & Olesya A. Feoktistova, 2022. "Improving the Organizational and Financial Models of Employment Assistance in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 29-45, August.

    More about this item

    Keywords

    level of poverty; depth of poverty; monetary incomes of the population; social benefits; effectiveness of social support measures;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:210102:p:28-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.