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The Standard of Living of the Population and the Directions of its Increase in the Conditions of the COVID-19 Pandemic
Bondarevska K. V., Metlytska V. O., Bozhko A. S.

Bondarevska, Kseniia V., Metlytska, Violetta O., and Bozhko, Anna S. (2021) “The Standard of Living of the Population and the Directions of its Increase in the Conditions of the COVID-19 Pandemic.” Business Inform 10:221–226.
https://doi.org/10.32983/2222-4459-2021-10-221-226

Section: Labour economics and social policy

Article is written in Ukrainian
Downloads/views: 6

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UDC 330.59

Abstract:
The article considers the impact of the COVID-19 pandemic on living standards in Ukraine and countries around the world. The status of the indicators of labor market development and the macro-economic indicators reflecting the standard of living of the population are evaluated. Negative tendencies of changes in unemployment rate during 2013–2020 and its exacerbation during the COVID-19 pandemic are determined. The authors analyzed changes in GDP levels in Ukraine and in Central and Eastern Europe, trends in the decline in the real wage index in Ukraine are highlighted. It is noted that the COVID-19 pandemic and quarantine restrictions have led to significant socio-economic consequences that have negatively affected the standard of living of the population of Ukraine. This is evidenced by the growth of unemployment of the population and a decrease in the level of real wages, the deterioration of macro-economic indicators, in particular gross domestic product. In order to increase the standard of living of the population in the context of the COVID-19 pandemic, measures have been identified that include: enhancing the amount of financial support for small and medium-sized businesses, providing tax benefits to enterprises that employ graduates of educational institutions; raising minimum social standards taking into account their corresponding level in the EU countries; development and implementation of the State-based social programs aimed at supporting socially vulnerable categories of the population in the context of the COVID-19 pandemic; improving the investment climate and attracting investments to the real sector of the economy; stimulating the development of youth entrepreneurship, introducing dual education, forming an effective dialogue in the spheres of education and business; use of reserves for the introduction of innovative forms of employment and self-employment of the population (freelance, part-time work, etc.).

Keywords: standard of living of the population, COVID-19 pandemic, unemployment, employment of the population, quality of life, remuneration.

Fig.: 2. Tabl.: 2. Bibl.: 9.

Bondarevska Kseniia V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Social Security and Tax Policy, University of Customs and Finance (2/4 Volodymyra Vernadskoho Str., Dnipro, 49004, Ukraine)
Email: [email protected]
Metlytska Violetta O. – Bachelor, University of Customs and Finance (2/4 Volodymyra Vernadskoho Str., Dnipro, 49004, Ukraine)
Email: [email protected]
Bozhko Anna S. – Bachelor, University of Customs and Finance (2/4 Volodymyra Vernadskoho Str., Dnipro, 49004, Ukraine)
Email: [email protected]

List of references in article

“Koronavirus: statystyka po krainakh“ [Coronavirus: Statistics by Country]. https://index.minfin.com.ua/ua/reference/coronavirus/geography/
Chervona, S. P. “COVID-19 ta yoho vplyv na riven zhyttia naselennia Ukrainy“ [COVID-19 and Its Impact on the Living Standards of the Population of Ukraine]. Stratehiia rozvytku Ukrainy: finansovo-ekonomichnyi ta humanitarnyi aspekty. 2020. http://194.44.12.92:8080/xmlui/bitstream/handle/123456789/5201/10-11-Збірник%202020_0401-0404.pdf?sequence=1
“Karantynne bezrobittia v Ukraini zroslo maizhe na tretynu“ [Quarantine Unemployment in Ukraine Has Risen by Almost a Third]. Derzhavnyi tsentr zainiatosti. https://www.dcz.gov.ua/publikaciya/karantynne-bezrobittya-v-ukrayini-zroslo-mayzhe-na-tretynu
Derzhavna sluzhba statystyky Ukrainy. http://www.ukrstat.gov.ua/
Eurostat Statistics Explained. https://ec.europa.eu/eurostat/statistics-explained/
“Valovyi vnutrishnii produkt u I-IV kvartalakh 2020 roku i u 2020 rotsi“ [Gross Domestic Product in the I-IV Quarters of 2020 and in 2020]. Derzhavna sluzhba statystyky Ukrainy. Express Issue. March 22, 2021. http://www.ukrstat.gov.ua/express/expr2021/03/31.pdf
Borysova, I. S. “Pandemiia COVID-19: ekonomichni ta finansovi naslidky“ [The COVID-19 Pandemic: Economic and Financial Implications]. Naukovi ekonomichni doslidzhennia: aktualni pytannia ta innovatsiini aspekty. 2020. http://dspace.pdaa.edu.ua:8080/bitstream/123456789/8778/1/Тези_Борисова%20І.С..pdf
Shevchenko, V. Yu. “Ekonomichni shoky pandemii: osnovni vydy ta naslidky“ [Economic Shocks of Pandemic: Major Types and Outcomes]. Prychornomorski ekonomichni studii. Seriia «Svitove hospodarstvo i mizhnarodni ekonomichni vidnosyny», no. 56 (2020): 21-27. DOI: https://doi.org/10.32843/bses.56-3
Pratsia Ukrainy u 2019 rotsi : stat. zbirnyk [Labor of Ukraine in 2019: A Statistical Collection]. Kyiv: Avhust Treid, 2020.

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