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

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

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