Analysis of the Labor Market of Armenia in the Context of Contemporary Challenges: Socio‑Economic and Psychological Aspects
DOI:
https://doi.org/10.46991/BYSU.G.2026.17.1.029Keywords:
labor market of Armenia, correlation analysis, Human Development Index, occupational stress, employment, unemployment, Global Innovation Index, human capitalAbstract
This article presents a multidimensional study of the labor market of the Republic of Armenia in the context of current global and regional challenges. The work integrates three analytical dimensions: a cross-country correlation analysis of macroeconomic and social indicators, a detailed characterization of the dynamics of the Armenian labor market in 2020-2024, and a sample-based psychological measurement of occupational stress among labor force participants.
A correlation analysis of 20 countries from the post-Soviet, Balkan, and Middle Eastern regions has revealed stable relationships between GDP per capita, the Human Development Index, the Knowledge Economy Index, and the Global Innovation Index. A characteristic gap for Armenia has been identified between a relatively high level of human potential and a comparatively lower degree of its economic realization within the middle-income group. The labor market analysis demonstrates positive employment dynamics while structural imbalances persist - gender inequality, a high level of chronic unemployment, and sectoral disproportionality. An empirical study of occupational stress (n = 234; 95% confidence level; confidence interval 6.5 percentage points) identified latent stress tendencies within the surveyed group rather than claiming direct generalization to the entire national workforce. The totality of the obtained results forms the basis for developing comprehensive recommendations in the field of state employment policy and the protection of workers’ psychological health.
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Copyright (c) 2026 Elena Kulchitskaya, Amalya Galstyan, Elena Kadura
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