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

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