RENEWED CONCEPT OF POVERTY IN RUSSIA AS A FOUNDATION FOR SOCIAL POLICY

Abstract

The theoretical and methodological approaches to measuring poverty are based on several basic concepts: the concept of basic needs, the concept of multidimensional absolute deprivation, the concept of multidimensional relative deprivation, the concept of poverty in terms of capabilities. In the Russian Federation, the monetary concept of poverty is generally accepted for poverty measurement and assessment. However, the definition of poverty within the monetary concept seems to be insufficient to identify the poor. The article provides some arguments for the necessity to move from the existing monetary concept of poverty. Cluster analysis had shown that the use of monetary concept of poverty leads to the distorted estimates of poverty and makes it impossible to create policies to combat poverty.