Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience

Introduction: The aim of this study is to determine the extent to which social insurance can reduce income inequality among workers. This study explores the role of social insurance as a tool for minimizing income inequality among workers. Methodology: The study adopts a comparative approach to exa...

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Main Authors: Denys A. Puntus, Mykola P. Kucheryavenko, Oleg M. Yaroshenko, Yaroslav O. Kostohryz, Anzhelika O. Tkachuk
Format: Article
Language:English
Published: Universidad de Costa Rica 2025-03-01
Series:Población y Salud en Mesoamérica
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Online Access:https://www.revistas.ucr.ac.cr/index.php/psm/article/view/60902
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author Denys A. Puntus
Mykola P. Kucheryavenko
Oleg M. Yaroshenko
Yaroslav O. Kostohryz
Anzhelika O. Tkachuk
author_facet Denys A. Puntus
Mykola P. Kucheryavenko
Oleg M. Yaroshenko
Yaroslav O. Kostohryz
Anzhelika O. Tkachuk
author_sort Denys A. Puntus
collection DOAJ
description Introduction: The aim of this study is to determine the extent to which social insurance can reduce income inequality among workers. This study explores the role of social insurance as a tool for minimizing income inequality among workers. Methodology: The study adopts a comparative approach to examining differences in social insurance systems in Norway, the Netherlands, Germany, Latvia, Romania, and Bulgaria. By comparing the selected countries, the research examines the correlation between the level of social insurance and the disparity in workers' incomes. Results: The analysis identifies key indicators such as social insurance expenditures as a percentage of GDP, population coverage, minimum wage levels, and the Gini index to evaluate the effectiveness of social insurance systems. The findings highlight significant differences in how social insurance is implemented and its impact on income distribution across these countries. In particular, the study provides insights into the mechanisms through which social insurance can mitigate economic inequality and offers a comprehensive understanding of the strengths and weaknesses of various social insurance models. Conclusions: This detailed examination allows for a nuanced comparison that can inform policy decisions and improvements in social insurance practices aimed at achieving greater economic equality and social justice. By analyzing different models and approaches within the selected countries, the study seeks to identify best practices and provide recommendations for policy improvements in social insurance systems.
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spelling doaj-art-dfd18f3598d24037a9f0024fb2df69a52025-08-20T03:48:47ZengUniversidad de Costa RicaPoblación y Salud en Mesoamérica1659-02012025-03-0122210.15517/psm.v22i2.60902Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experienceDenys A. Puntus0Mykola P. Kucheryavenko1Oleg M. Yaroshenko2Yaroslav O. Kostohryz3Anzhelika O. Tkachuk4Yaroslav Mudryi National Law University, UCRANIAYaroslav Mudryi National Law University, UKRAINEYaroslav Mudryi National Law University, UKRAINEYaroslav Mudryi National Law University, UKRAINETaras Shevchenko National University of Kyiv, UKRAINE Introduction: The aim of this study is to determine the extent to which social insurance can reduce income inequality among workers. This study explores the role of social insurance as a tool for minimizing income inequality among workers. Methodology: The study adopts a comparative approach to examining differences in social insurance systems in Norway, the Netherlands, Germany, Latvia, Romania, and Bulgaria. By comparing the selected countries, the research examines the correlation between the level of social insurance and the disparity in workers' incomes. Results: The analysis identifies key indicators such as social insurance expenditures as a percentage of GDP, population coverage, minimum wage levels, and the Gini index to evaluate the effectiveness of social insurance systems. The findings highlight significant differences in how social insurance is implemented and its impact on income distribution across these countries. In particular, the study provides insights into the mechanisms through which social insurance can mitigate economic inequality and offers a comprehensive understanding of the strengths and weaknesses of various social insurance models. Conclusions: This detailed examination allows for a nuanced comparison that can inform policy decisions and improvements in social insurance practices aimed at achieving greater economic equality and social justice. By analyzing different models and approaches within the selected countries, the study seeks to identify best practices and provide recommendations for policy improvements in social insurance systems. https://www.revistas.ucr.ac.cr/index.php/psm/article/view/60902Gini indexsocial policyeconomic disparitysocial protection
spellingShingle Denys A. Puntus
Mykola P. Kucheryavenko
Oleg M. Yaroshenko
Yaroslav O. Kostohryz
Anzhelika O. Tkachuk
Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
Población y Salud en Mesoamérica
Gini index
social policy
economic disparity
social protection
title Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
title_full Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
title_fullStr Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
title_full_unstemmed Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
title_short Social insurance as a mechanism for minimizing the income gap between workers: comparative analysis and European experience
title_sort social insurance as a mechanism for minimizing the income gap between workers comparative analysis and european experience
topic Gini index
social policy
economic disparity
social protection
url https://www.revistas.ucr.ac.cr/index.php/psm/article/view/60902
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