Structure of household income as a factor of financial development of municipalities

Abstract

Aim. To determine the Russian specifics and interrelations in the structure of sources of income of Russian households and living standards of the population on the example of municipal formations of a number of regions of the Russian Federation (RF).Objectives. To consider the domestic and foreign experience of singling out the interrelations of socio-economic development of territories and the structure of household income; to develop a methodology for assessing and forming a statistical base for assessing the structure of house-hold income; to calculate the interrelations of the structure of household income (labor, entre-preneurial income, social payments) and the standard of living of the population in the municipal formations of the Ural Federal District (UFD).Methods. As a source of information we used publicly available databases on municipal entities of Rosstat, which present household incomes and social payments to the population. On this basis, adjustments and necessary calculations were made regarding the sources of household income and the formation of the database of average per capita income in municipalities of the UFD regions.Results. The share of social payments in the total income of households in the municipalities of the UFD regions was calculated. In urban areas the share of social payments is close to the average Russian value, while in rural areas the share varies by regions. The correlation between labor and entrepreneurial incomes was determined; the southern regions of the district show an approximate parity of labor and entrepreneurial incomes of households, while in the northern municipalities three quarters of incomes fall on labor activity. As a result, the interrelationships of rural and urban settlements’ income structure with average per capita incomes are highlighted. The factors influencing this correlation for each type of municipal formations in the UFD regions were identified.Conclusions. The study has shown that in general in the UFD municipalities the most significant component of income is the income from wage labor and social payments. In the southern regions of the UFD large cities have a great influence on the studied indicators, in the northern regions — natural resource extraction activities. Thus, the factors of financial development in the context of personal income are very diverse and depend on many conditions. The main ones include urbanization of the territory, availability of minerals, settlement system (large regional centers).