"Conditional cash transfer (CCT) programs aim to alleviate poverty through monetary and in-kind benefits, as well as … reduce future levels of poverty by encouraging investments in education, health, and nutrition. The success of CCT programs … at reducing poverty depends on whether, and the extent to which, cash transfers affect adult work incentives. The authors …

"The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what "poverty" means in the world's poorest countries-is found to be more pervasive than … we thought. Yet the data also provide robust evidence of continually declining poverty incidence and depth since the …