GOVERNMENTAL TRANSFER PAYMENTS FOR INDIVIDUALS: GROUND AND AFTER-EFFECT ANALYSIS

Abstract

The article was prepared to analyze different foreign author’s opinions and researches aboutgovernment transfer payments allocated for social security of people that can be classed as poor. There areanalyzed issues of transfer payments implementation and the influence on to the residents consuming andcountry economics when transfer payments are diminished either grow. Government transfer paymentssystem planning should involve researches of the situation and ensure that necessary relief fromgovernment’s side will be delivered for the socially touched people and those who are making efforts to adaptin the changed situation. Analyzing the various authors articles noticed that the need of government transferpayments depend on the country, its background and the existing system. There can be separated positive andnegative issues cause by transfer payments growth. The main goal of imposed transfer payments is to smooththe consumption for people temporary lost the income either possibility to earn money also to pass goodexperience and values for offspring showing good examples. Most of the discussions and researches areaddressed towards negative results caused by transfer payments. Welfare payments, social insurance,handicap transfers, unemployment grants and other governmental transfers given to certain groups of peoplecan cause tendentious work losses, income reduction, dropping school and other, seeking to receive transferpayments.