Money Transfers as a Factor in Household Economic Stability

The relevance of the study stems from the importance of identifying mechanisms that increase the economic stability of Russian households during times of socio-economic uncertainty. The purpose of the study is to investigate the relationship between public and private transfers and household economic stability as perceived by individuals. The research information base is grounded in data from the HSE household survey for 2016, 2020 and 2024, which were combined into one dataset. The tools of multinomial logistic regression were used to model the impact of transfers on subjective evaluation of economic stability. The subject of the study is public and private monetary transfers received by households in the context of their impact on economic stability. This is measured through a subjective assessment of material stability. It was revealed that during the pandemic, there was a sharp decrease in both intra-family mutual assistance and assistance from external benefactors. The state benefits and benefits included in the survey performed poorly the function of supporting socially vulnerable groups. The study has established a relationship between transfers and subjective stability of households demonstrating that the nature of this association is determined by the source of monetary transfers. Households receiving government transfers increased their sense of stability, while financially vulnerable households were more likely to receive inter-family and charitable assistance.

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