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The article examines the non-demographic outcomes of the maternity capital program as a measure of socio-economic assistance to families with children. The analysis is based on the data of the Pension Fund of the Russian Federation and population surveys. The scale of and the reasons for the regional differences are revealed. It is concluded that this support mainly benefits the population of low-level economic development regions and small towns and rural areas, while the largest cities’ and the northern regions’ population profits less from the program. However, the housing shortage of families with children has not been explicitly relieved after the implementation of the maternity capital program.

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