State financial regulation of demographic processes in Russia: problems and solutions

Abstract

The gradual deterioration problem of the demographic balance in developed countries is obvious, and its relevance is increasing every year. Russia, as well as most developed countries, has completed the demographic transition and is faced with the typical consequences of this event: a moderate increase in life expectancy, aging of the population, a steady natural decline in the population, a shortage of qualified personnel in the labor market, etc. The article analyzes various financial regulation aspects of demographic dynamics in the Russian Federation, considering the consequences of the demographic transition and the new realities in which the country found itself in 2022. The study purpose is to assess possible financial, administrative, migration and combined strategies to improve the demographic balance in Russia by changing the reproductive behavior patterns of the modern family. The research is based on the thesis that the modern demographic policy of Russia is aimed more at combating poverty than at reproducing high-quality human capital. The strengths and weaknesses of state regulation various financial strategies of birth rate processes are analyzed, and it is concluded that their application is quite expensive for the state and contains risks of falling into the trap of overloading social security systems for a transitional period in case of success of state policy. An alternative version of demographic policy is also analyzed, in which the state follows the path of industrial human cloning and centralized reproduction of human capital.