Armenia’s Social Policy Response to COVID-19: Mitigating Expectations, Financial Stress, and Anxiety

Aslanyan, G., Baghdasaryan, V, Shakhmuradyan, G. (2021). Armenia‘s Social Policy Response to Covid-19: Mitigating Expectations, Financial Stress, and Anxiety. CRC 1342 Covid-19 Social Policy Response Series, 10, Bremen: CRC 1342

29 Pages Posted: 9 Feb 2021

See all articles by Gurgen Aslanyan

Gurgen Aslanyan

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute); American University of Armenia

Vardan Baghdasaryan

American University of Armenia

Gayane Shakhmuradyan

American University of Armenia

Date Written: February 8, 2021

Abstract

This report examines the social policy response of the Government of Armenia to the COVID-19 crisis. Official data on the implemented programs suggest that since March 2020, around USD 55 million has been transferred to individuals and households as wage support, unemployment and family benefits, utility payment subsidies and tuition fee support. Survey data suggest that despite being early and extensive, government assistance has not been effective in relieving the financial stress and anxiety caused by the pandemic, while public expectations about the future remain pessimistic. As individuals most and least in need have benefited equally from the implemented programs, government assistance has also not been well-targeted.

Keywords: COVID, Armenia, financial anxiety

JEL Classification: D91, G51, H53

Suggested Citation

Aslanyan, Gurgen and Baghdasaryan, Vardan and Shakhmuradyan, Gayane, Armenia’s Social Policy Response to COVID-19: Mitigating Expectations, Financial Stress, and Anxiety (February 8, 2021). Aslanyan, G., Baghdasaryan, V, Shakhmuradyan, G. (2021). Armenia‘s Social Policy Response to Covid-19: Mitigating Expectations, Financial Stress, and Anxiety. CRC 1342 Covid-19 Social Policy Response Series, 10, Bremen: CRC 1342, Available at SSRN: https://ssrn.com/abstract=3781590 or http://dx.doi.org/10.2139/ssrn.3781590

Gurgen Aslanyan (Contact Author)

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

American University of Armenia ( email )

Marshal Baghramyan 40
Yerevan, 0019
Armenia

Vardan Baghdasaryan

American University of Armenia ( email )

40, Baghramyan Ave.
Yerevan, 0019
United States

Gayane Shakhmuradyan

American University of Armenia ( email )

40, Baghramyan Ave.
Yerevan, 0019
United States

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