We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...

One important concern of governments in developing countries is on how to phase-out largesafety nets programs. This paper evaluates the short run effects of one possible exit strategy,programs that promote self-employment, in Argentina. We provide evidence that a smallfraction of beneficiaries...