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‘Beautiful Serbia’ - objective and subjective outcomes of active labour market policy in a transition economy

  • Holger Bonin
  • Ulf Rinne

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.

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File URL: http://hdl.handle.net/10.1111/ecot.12028
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Article provided by The European Bank for Reconstruction and Development in its journal Economics of Transition.

Volume (Year): 22 (2014)
Issue (Month): 1 (01)
Pages: 43-67

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Handle: RePEc:bla:etrans:v:22:y:2014:i:1:p:43-67
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