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Bonin, Holger
Rinne, Ulf
Year of Publication: 
Series/Report no.: 
IZA Discussion Papers 2533
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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Working Paper

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