Already in ancient times, philosophers debated the nature of happiness and the recipes for a happy and fulfilling life. Today this question is also hotly debated by scientists and politicians, who are particularly interested in what can be done to increase the happiness of their voters (and citizens, more generally). Happiness has become so important nowadays that four countries: Bhutan, Ecuador, UAE, and Venezuela went so far as to employ ministers of happiness!

Using the panel data on the German and Ukrainian labor markets, Prof. Pignatti and his co-authors Thomas Dohmen (University of Bonn, Maastricht University, IZA and DIW, Berlin) and Hartmut Lehmann (University of Bologna, IZA and DIW, Berlin) show that risk attitudes have permanent (exogenous) determinants that are valid at different stages of economic development and in different structural contexts.

The study aims at offering recommendations to improve Asian Development Bank and other development partners; assistance to developing countries in creating conditions to enable inclusive growth through their projects and operations. For that ISET Policy Institute will conduct in-depth analysis on income distribution, labor market, and other aspects of inclusive growth.

Starting from 2005, Georgia saw a rapid decline in tertiary gross enrollment. In a country where poverty reduction is a key priority and where labor market outcomes have not been particularly strong during the last decade, the decline in higher education enrollment might appear as an additional obstacle to human and economic development.

Starting from 2005, Georgia saw a rapid decline in tertiary gross enrollment. This project outlines the potential reasons behind decreasing enrollment rates and discusses the role of institutional changes, wages, returns to education, external and international migration, and employment patterns.