TY - RPRT AU - Bonin, Holger AU - Rinne, Ulf TI - Beautiful Serbia PY - 2006/Dec/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 2533 UR - https://www.iza.org/publications/dp2533 AB - 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. KW - subjective well-being KW - program evaluation KW - Serbia and Montenegro ER -