Template-Type: ReDIF-Article 1.0 Author-Name: Elena I. Andreeva Author-Email: andreeva@nifi.ru Author-Workplace-Name: Finance Research Institute, Moscow 127006, Russia Author-Name: Dmitry G. Bychkov Author-Email: bychkov@nifi.ru Author-Workplace-Name: Finance Research Institute, Moscow 127006, Russia Title: Introducing the Universal Minimum Income Support in Russia: The Cost of the Transition Abstract: The present paper discusses certain aspects of the proposed concept of introducing universal minimum income support. This paper also presents the estimated amount of funding which is required to close the income gap of all households whose incomes fall below the poverty line for a full transition to a Universal Minimum Income Support system. This amount is compared with the cost of the existing social benefits financed from the budget, including targeted ones. Classification-JEL: I38, I39, H53, H75 Keywords: social support, social benefits, targeting principle, criteria of neediness, optimization of social support Journal: Finansovyj žhurnal — Financial Journal Pages: 71-80 Issue: 6 Year: 2016 Month: December File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/6/Statii/fm_2016_6_06.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:160606:p:71-80