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Beautiful Serbia

IZA Discussion Paper No. 2533

30 Pages Posted: 16 Jan 2007 Last revised: 16 Apr 2023

See all articles by Holger Bonin

Holger Bonin

IZA Institute of Labor Economics; ZEW – Leibniz Centre for European Economic Research

Ulf Rinne

IZA Institute of Labor Economics

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

JEL Classification: J68, H43, P27

Suggested Citation

Bonin, Holger and Rinne, Ulf, Beautiful Serbia. IZA Discussion Paper No. 2533, Available at SSRN: https://ssrn.com/abstract=957240 or http://dx.doi.org/10.2139/ssrn.957240

Holger Bonin

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany
+49 228 3894 303 (Phone)
+49 228 3894 510 (Fax)

ZEW – Leibniz Centre for European Economic Research

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Ulf Rinne (Contact Author)

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

HOME PAGE: http://www.iza.org/profile?key=1844

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