Poverty Line and the Guaranteed Minimal Payments – Methodological Aspects of Defining and Binding Cover Image

Poverty Line and the Guaranteed Minimal Payments – Methodological Aspects of Defining and Binding
Poverty Line and the Guaranteed Minimal Payments – Methodological Aspects of Defining and Binding

Author(s): Vassil Tsanov, Lyubomir Tomev
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките

Summary/Abstract: Methodology for defining poverty line and its binding to the guaranteed minimal payments is suggested. The methodology for calculation poverty line is based on the combination of two approaches – the relative and the absolute. The first one ensures connection of poverty line to the de facto income distribution into the society and the second – ensuring the minimal living standard. Methodological solutions are presented for defining guaranteed minimal payments (minimal salary/wage, social pension and social benefits), which reflex directly or indirectly the dynamics of poverty line. JEL: I31; I32

  • Issue Year: 2006
  • Issue No: 7
  • Page Range: 121-133
  • Page Count: 13
  • Language: English