Maternity capital
The maternity capital ( Russian Материнский капитал ) is in the Russian Federation , since 2007 social performance of the state, which aims the birth rate to increase in the country.
Details
The one-time payment is given to families for every second and subsequent child they give birth or adopt. The maternity capital is initially granted in the form of a state certificate and is available three years after the birth or adoption of the child. Parents can use it for three purposes: educating their children, improving living conditions or investing in their own retirement provision. The amount of maternity capital was initially around 250,000 rubles (approx. 3500 euros), in 2013 it reached 408,960 rubles (approx. 6000 euros).
From 2020, maternity capital will also be granted for the first child and will amount to 466,617 rubles (approx. 5,866 euros) for this child. At the same time, the maternity capital for the second child was increased to 616,617 rubles (about 7715 euros).
Effects
The birth rate in Russia has increased from 1.48 million (2006) to 1.9 million (2012) since the introduction of the maternity capital , initiated by Vladimir Putin and overseen by the Minister of Health and Social Affairs Tatyana Golikova , an increase of 28.3%.
As a further measure to stimulate demographic development, in 2012 Vladimir Putin announced the introduction of special birth support in regions with particularly low birth rates.
literature
- Fabian Slonimczyk, Anna Yurko: Assessing the Impact of the Maternity Capital Policy in Russia Using a Dynamic Stochastic Model of Fertility and Employment , Paper of the International College of Economics and Finance. Higher School of Economics, Moscow, September 2012 PDF 372 kB
Web links
Individual evidence
- ↑ Что нужно знать о материнском (семейном) капитале. In: http://www.pfrf.ru/grazdanam/family_capital/chto_nuzh_znat/ . Pension Fund of the Russian Federation, accessed May 15, 2020 (in Russian).
- ^ Statistical data from Rosstat, the Russian Federal Statistics Service