%0 Report %A Bonin, Holger %A Rinne, Ulf %T Beautiful Serbia %D 2006 %8 2006 Dec %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 2533 %U https://www.iza.org/publications/dp2533 %X 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. %K subjective well-being %K program evaluation %K Serbia and Montenegro