Social compensation as an indicator of national budgetary policy fairness and effectiveness

Abstract

Paper offers new, author's method to calculate "social compensation" index (as aggregated macro economical one) reflecting the role of the state in social compensation policy implementing (fair policy and effective policy); analyzes these indices changes with dynamics of Ginny coefficient in the countries of the world, assess the effectiveness of the national social compensation program in countries grouped by the level of per capita income; gives recommendations on directions and principles of national policy of social compensation modernization which is relevant for the dynamics of the global market situation.