@TechReport{iza:izadps:dp2533, author={Bonin, Holger and Rinne, Ulf}, title={Beautiful Serbia}, year={2006}, month={Dec}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={2533}, url={https://www.iza.org/publications/dp2533}, abstract={The paper studies the causal impact of participation in an active labor market program – the ‘Beautiful Serbia’ program providing training and temporary work in the construction sector in Serbia and Montenegro – on measures of subjective well-being approximating individual welfare. According to our estimates, the positive impact of this particular program appears much stronger judged by subjective well-being than judged by the immediate labor market effect.}, keywords={subjective well-being;program evaluation;Serbia and Montenegro}, }