Demography, workforce economy, social and economic policy

Forms of social assistance in the social protection system and their role in poverty reduction

Economic Annals-XXI

Economic Annals-ХХI: Volume 158, Issue 3-4(2), Pages: 92-96

Citation information:
Abakumenko, O., Kovalenko, L., & Tovstizhenko, O. (2016). Forms of social assistance in the social protection system and their role in poverty reduction. Economic Annals-XXI, 158(3-4(2)), 92-96. doi: https://doi.org/10.21003/ea.V158-21

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Olga Abakumenko
D.Sc. (Economics),
Professor,
Chernihiv National University of Technology
95 Shevchenko Str., Chernihiv, 14000, Ukraine
abakumenko.olga@gmail.com

Larisa Kovalenko
PhD (Economics),
Professor,
Chernihiv National University of Technology
95 Shevchenko Str., Chernihiv, 14000, Ukraine
chirey333@gmail.com

Olena Tovstizhenko
PhD (Economics),
Associate Professor,
Chernihiv National Univercity ot Technology
95 Shevchenko Str., Chernihiv, 14000, Ukraine
kaf2014finance@yandex.ru

Forms of social assistance in the social protection system and their role in poverty reduction

Abstract. The article deals with the issues of social protection of population in the period of socio-economic crisis intensified with the tendency towards a decrease in real personal income, which has had a substantial negative impact on Ukraine’s socio-economic development. Thus, the minimum wage as of September, 2015, amounted to 1,378 UAH, which in dollar terms was 59.9 USD, and the minimum pension paid to 7.5 million of Ukrainians was 1,074 UAH (46.7 USD).

The authors have conducted an analysis of equality in poverty and proved the inefficiency of the state support of socially vulnerable groups of population. It has been suggested that the established amount of social assistance to particular population groups does not meet the actual needs of most families. It may become possible to solve the problem of impoverishment of the Ukrainian population only due to the reforms in the socio-economic sphere. Creation of conditions for the development of entrepreneurial activities, reduction of taxation, indexation of wages, strengthening of social control, verification of the real standards of living and introduction of new social standards are tools of poverty reduction needed in Ukraine.

Keywords: Social Benefits; Social Defence; State Support; Poverty; Wages

JEL Classification: Н53; Н55; І30

DOI: https://doi.org/10.21003/ea.V158-21

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Received 10.02.2016

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