Template-Type: ReDIF-Article 1.0
Author-Name: Elena E. Grishina
Author-Email: egrishinawork@gmail.com
Author-Workplace-Name: Institute of Economics of the Russian Academy of Sciences, Moscow, Russian Federation
Title: Financial Situation of Large Families and Factors of Their Income Growth
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.
Classification-JEL: I31, I38, H75
Keywords: large families, households with three or more children, financial situation, income, support measures
Journal: Finansovyj žhurnal – Financial Journal
Pages: 45-60
Issue: 1
Year: 2024
Month: February
DOI: 10.31107/2075-1990-2024-1-45-60
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2024/1/statii/03_1_2024_v16.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:240103:p:45-60