scholarly journals Financial competence of the field of social insurance: formation features

2021 ◽  
Vol 83 (1) ◽  
pp. 490-499
Author(s):  
M. N. Stepanova
Keyword(s):  
Financial Literacy ◽  
Informal Education ◽  
Social Insurance ◽  
Insurance Coverage ◽  
Well Being ◽  
Literacy Programs ◽  
Main Role ◽  
Pension Insurance ◽  
Social Risks ◽  
Insured Person

The article presents the rationale for the importance of financial competence in compulsory social insurance for insured persons. It highlights the features of the formation and manifestation of financial competence. The author came to the conclusion that the financial competence of the insured person is expressed in the ability to use the opportunities for insurance coverage so that they meet the imperative social guarantees and the interests of the household. The insured must be able to use other methods of managing social risks. Special attention is paid to the formation of financial knowledge in the field of social insurance. The main role in preparing the population for insurance relations is played by non-formal and informal education. However, citizens are passive. The state, policyholders and insurers are not interested in comprehensive training of insured persons. Financial literacy programs include pension insurance. They do not take into account other types of social insurance. The availability of financial and legal knowledge on social insurance can influence the preservation of the financial well-being of citizens. It ensures the achievement of state social goals. Therefore, the question is raised about the need to include in the strategy of improving the financial literacy of the population of the Russian Federation.

A comparison on financial literacy between welfare recipients and non-welfare recipients in Brunei

2015 ◽  
Vol 42 (7) ◽  
pp. 598-613 ◽  
Author(s):  
Ak Md Hasnol Alwee Pg Md Salleh
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Well Being ◽  
Literacy Programs ◽  
Welfare Recipients ◽  
Structured Interviews ◽  
Welfare Programs ◽  
Content Type ◽  
Logistic Regressions ◽  
Random Sampling Approach

Purpose – The purpose of this paper is to provide insights onto the level of financial literacy in Brunei, notably focussing on the findings of welfare recipient’s vis-à-vis non-welfare recipients. Design/methodology/approach – Findings are based on structured interviews with 431 heads of households (215 welfare recipients and 216 non-welfare recipients), within the realm of money management, emergency planning and investing for goals. To analyze the data, Pearson’s χ2 test and logistic regressions are undertaken. Findings – The findings underline the importance of enhancing the level of financial literacy, notably for low-income households and those in poverty, as the analysis highlighted their level of financial literacy was significantly lower than non-welfare recipients. Research limitations/implications – Future researches may want to consider a random sampling approach and/or using other districts in the country, to ascertain a representative set of findings. Practical implications – The implication of the findzings highlights the need for welfare programs to consider incorporating financial literacy programs, designed specifically for welfare recipients, distinct from non-welfare recipients. Originality/value – There is currently no known research on financial literacy related to Brunei. Further, the paper also focusses on financial literacy, as a means to assist those in welfare or poverty, in order to enhance their financial well-being.

From Economic Abuse to Economic Empowerment: Piloting a Financial Literacy Curriculum With Women Who Have Experienced Domestic and Family Violence

Affilia ◽  
2019 ◽  
Vol 34 (4) ◽  
pp. 498-517
Author(s):  
Amy Warren ◽  
Trudi Marchant ◽  
Darcee Schulze ◽  
Donna Chung
Keyword(s):  
Domestic Violence ◽  
Family Violence ◽  
Financial Literacy ◽  
Well Being ◽  
Lessons Learned ◽  
Literacy Programs ◽  
Literacy Curriculum ◽  
Economic Abuse ◽  
Women And Children

Economic abuse as a form of men’s violence against women has only been recently recognized as a form of violence in its own right. It is known to further exacerbate the detrimental long-term impacts of domestic and family violence on women and children. There is evidence to suggest the effectiveness of financial literacy programs in mitigating some of these impacts and improving women’s financial well-being in the longer term; however, there are very few domestic violence–informed, empirically evaluated programs internationally. This article reports the findings of a specialist domestic violence financial literacy curriculum, which was developed and piloted in Western Australia using pre–post measures and focus groups. These findings suggest that such financial literacy programs delivered in refuge settings have effective short-term outcomes among women. Lessons learned from the pilot and the implications for future implementation and scaling up of programs and research are also discussed.

Mandatory Social Insurance in Russia: Ways of Reforming

2019 ◽  
Vol 4 (4) ◽  
pp. 447-465
Author(s):  
Evgeny Gontmakher
Keyword(s):  
Social Insurance ◽  
Personal Characteristics ◽  
Well Being ◽  
Main Element ◽  
Insurance Fund ◽  
Family Status ◽  
Political Consequences ◽  
Radical Reform ◽  
Social Risks ◽  
Effective System

Despite near 30 years of post-Soviet reforms, Russia has not developed an effective system of mandatory social insurance. This has many negative, social, economic and political consequences. The main ones are low coverage of social risks and mass paternalism. An ordinary employee does not feel involved in the formation of his own well-being, especially in the field of pensions and medical care, and can’t independently dispose of those mandatory contributions that the employer makes in his favor. Therefore, in Russia there has long been a need, not just for cosmetic amendments, but for a radical reform of the mandatory insurance system. Its main element should be the involvement of the employee in the management of funds collected in special insurance institutes. It is proposed to move from a unified rate of deductions to personalized contributions, the amount of which depends on the family status of the employee, his or her health, and other personal characteristics. The organizational form of the updated system of mandatory social insurance can be a United Social Insurance Fund (instead of the current three funds), managed on an equal basis by representatives of employees, employers and the state.

IDENTIFICATION OF THE MINIMUM LEVEL OF KNOWLEDGE ON SOCIAL INSURANCE

2021 ◽  
Vol 562 (1) ◽  
pp. 12-18
Author(s):  
Robert Marczak
Keyword(s):  
Social Security ◽  
Citizen Participation ◽  
Social Insurance ◽  
Insurance Coverage ◽  
The State ◽  
Social Insurance System ◽  
Insurance System ◽  
Social Risks ◽  
The Social ◽  
The Individual

The Polish social insurance system is a part of the social security scheme. The Constitution of the Republic of Poland imposes on the state an obligation to create such system and to fulfill social security guarantees for every citizen. Participation in the social insurance system, and thus insurance coverage in the field of the consequences of social risks, is strictly dependent on the fact of performing a gainful activity on the principles set out in the social insurance act (among others: work under a contract of employment or under a civil law contract and conducting business). The legality of employment and the employer fairness on the one hand, and the effectiveness of control authorities of state institutions on the other hand, are two driving engines of the insurance guarantee. Responsibility for providing such insurance protection lies between the institutional activities of the state and the individual foresight of the citizen. It is on his/her side that knowledge about social insurance plays a very important role as an element of risk awareness. The act on the social insurance system imposes on the Polish executive institution in the area of social insurance (the Polish social insurance institution, ZUS) the obligation to popularize this knowledge. The purpose of the article is the attempt to indicate the scope of a minimum knowledge of social insurance, which will allow a citizen to make a conscious participation in the system, i.e. effective protection against the results of the possible risks.

Expanding Social Insurance Coverage to Informal Workers

10.1596/27932 ◽  
2017 ◽  
Author(s):  
Hernan Winkler ◽  
Elizabeth Ruppert Bulmer ◽  
Hilma Mote
Keyword(s):  
Social Insurance ◽  
Insurance Coverage ◽  
Informal Workers

SOCIAL INSURANCE IN RUSSIA: STATE, CURRENT CHALLENGES AND RESPONSES TO THEM

2020 ◽  
pp. 75-95
Author(s):  
Lyudmila A. Migranova ◽  
◽  
Valentin D. Roik ◽  
Keyword(s):  
Social Insurance ◽  
Pension Fund ◽  
The State ◽  
Insurance Fund ◽  
Social Risks ◽  
Social Insurance Fund ◽  
Subsistence Minimum ◽  
The Social ◽  
Mandatory Health Insurance ◽  
Insurance Funds

The article deals with the issues of functioning of the social insurance institution, the organizational-legal and financial forms of which are presented by the state extrabudgetary social funds - Pension Fund of Russia, Mandatory Social Insurance Fund and Mandatory Health Insurance Fund. It considers the main characteristics of social insurance: a) scope of covering the employed population by insurance protection; b) contribution rates as related to wages; c) level of protection of population incomes (pensions and benefits as related to wages and subsistence minimum); d) availability of quality medical assistance and rehabilitation services. There are analyzed the present social risks and problems of the RF insurance system. The main problem is that the amount of financial expenditures on all types of social insurance per beneficiary is about half that of most developed and developing countries. The primary cause is lacking motivation of both employees and employers to participate in the mandatory social insurance and to legalize their earnings. In the conclusion there are formulated a number of proposals for improvement of the institution of social insurance in Russia. It is proposed to expand the range of insurance cases concerning unemployment insurance and care for elderly people, to increase the total amount of compulsory contributions to extrabudgetary insurance funds from 30.2% up to 42.5% from three sources - employees, employers and the state.

The prospects of occupational risk management during reforms of regulatory legislation basis

2019 ◽  
pp. 39-44 ◽  
Author(s):  
Vadim B. Alekseev ◽  
Nina V. Zaitseva ◽  
Pavel Z. Shur
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Social Insurance ◽  
Well Being ◽  
Occupational Risk ◽  
Risk Level ◽  
Federal Law ◽  
Work Safety ◽  
Risk Levels ◽  
Legal Principles

Despite wide legislation basis of regulating relations in work safety and workers’ health, one third of workplaces demonstrate exceeded allowable normal levels of workers’ exposure to occupational hazards and present occupational risk for health disorders.In accordance to national legislation acts, evaluation should cover factors of occupational environment and working process, and occupational risk is understood in context of mandatory social insurance. This approach has been formed due to mostly compensatory trend in legal principles of work safety in Russia by now. Implementation of new preventive concept of work safety, based on idea of risk management for workers, necessitates development of legal acts that regulate requirements to evaluation of occupational risk and its reports with consideration of changes in Federal Law on 30 March 1999 №52 FZ “On sanitary epidemiologic well-being of population”.Those acts can include Sanitary Rules and Regulations “Evaluation of occupational risk for workers’ health”, that will contain main principles of risk assessment, requirements to risk assessment, including its characteristics which can serve as a basis of categorizing the risk levels with acceptability.To standardize requirements for informing a worker on the occupational risk, the expediency is specification of sanitary rules “Notifying a worker on occupational risk”. These rules should contain requirements: to a source of data on occupational risk level at workplace, to informational content and to ways of notifying the worker. Specification and implementation of the stated documents enable to fulfil legal requirements completely on work safety — that will provide preservation and increase of efficiency in using work resources.

Towards Employment Insurance?

2017 ◽  
Author(s):  
Günther Schmid
Keyword(s):  
Life Course ◽  
Social Insurance ◽  
Market Work ◽  
Income Volatility ◽  
Family Work ◽  
Life Course Transitions ◽  
Social Risks ◽  
Employment Insurance ◽  
Labour Division ◽  
The Life Course

New social risks have arisen due to the deepening of global labour division and the invasion of digital technologies into the production of goods and the delivery of services, but also due to changing preferences and individual work capacities over the life course. As these risks are not only connected with unemployment but also with income volatility due to critical life-course transitions (in particular, between family work and labour-market work, lifelong learning and employment), the need to extend unemployment insurance (UI) towards a system of employment insurance becomes evident. This argument is developed by focusing on the investment character of social insurance against the mainstream view of moral hazard related to any insurance, and by providing good practices or opportunities from various European member states.

Social versus Private Insurance

2018 ◽  
Author(s):  
Pierre Pestieau ◽  
Mathieu Lefebvre
Keyword(s):  
Social Insurance ◽  
Private Insurance ◽  
Population Ageing ◽  
Fiscal Competition ◽  
Public Insurance ◽  
The Public ◽  
Social Risks ◽  
The Family ◽  
Private And Public

This chapter looks at the role of the public versus the private sector in the provision of insurance against social risks. After having discussed the evolution of the role of the family as support in the first place, the specificity of social insurance is emphasized in opposition to private insurance. Figures show the extent of spending on both private and public insurance and the chapter presents economic reasons to why the latter is more developed than the former. Issues related to moral hazard and adverse selection are addressed. The chapter also discusses somewhat more general arguments supporting social insurance such as population ageing, unemployment, fiscal competition and social dumping.

Financial capabilities development: essential discourse in social work

2019 ◽  
Vol 46 (10) ◽  
pp. 1234-1246
Author(s):  
Lambert K. Engelbrecht ◽  
Abigail Ornellas
Keyword(s):  
Sustainable Development ◽  
Social Work ◽  
Financial Literacy ◽  
Community Education ◽  
Work Practice ◽  
Well Being ◽  
Social Work Practice ◽  
Content Type ◽  
Vulnerable Households ◽  
Definition Of

Purpose Within a neoliberal environment, financial vulnerability of households has become an increasing challenge and there is a requirement of financial literacy education, a necessary activity to facilitate sustainable development and well-being. However, this is seldom a mainstream discourse in social work deliberations. The paper aims to discuss these issues. Design/methodology/approach First, introducing the neoliberal impact on financial well-being and capability for vulnerable households, the authors’ postulation is substantiated on a seven-point argument. The contexts of financially vulnerable households are sketched. Second, a conceptualisation of financial literacy is offered, and third, perspectives on and approaches to financial literacy as a fundamental capability are presented. This is followed by a theoretical foundation of community education as a practice model in social work to develop financial capabilities. In the fifth place, prevailing practices of Financial Capabilities Development (FCD) programmes are offered. Subsequently, the implications of a neoliberal environment for social work practice are examined. Findings The revised global definition of social work encourages the profession to understand and address the structural causes of social problems through collective interventions. As a response, it is argued that community education towards FCD of vulnerable households within a neoliberal environment should be an essential discourse in social development. Originality/value The authors reflect on the significance of FCD, highlighting its contribution towards human security and sustainable development. Although this paper draws on Southern African contexts, the discourse finds resonance in other contexts across the world.

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