Numerous evaluations of conditional cash transfer (CCT) programs show positive short-term impacts, but there is only limited evidence on whether these benefits translate into sustained longer-term gains. This paper uses the municipal-level randomized assignment of a CCT program implemented for...

Low aspirations can limit households’ investments and contribute to sustained poverty. Vice versa, increased aspirations can lead to investment and upward mobility. Yet how aspirations are formed is not always well understood. This paper analyzes the role of social interactions in determining...

Interventions aimed at increasing the income generating capacity of the poor, such as vocational training, micro-finance or business grants, are widespread in the developing world. How to target such interventions is an open question. Many programs are self-targeted, but if perceived returns...

We review the literature on the long-term impacts of Conditional Cash Transfer (CCT) programs in Latin America. Long-term impacts are defined as those that both: 1) are related to the accumulation of human capital, and; 2) are observed after beneficiary children have reached a later stage of the...

"A variety of theories of skill formation suggest that investments in schooling and other dimensions of human capital will have lower returns if children do not have adequate levels of cognitive and social skills at an early age. This paper analyzes the impact of a randomized cash transfer...

CCT programs have become the anti-poverty program of choice in many developing countries. Numerous evaluations, often based on rigorous experimental designs, leave little doubt that such programs can increase enrollment and grades attained––in the short term. But evidence is notably lacking...

Conditional cash transfer programs have become a popular social protection tool in developing countries. They aim to reduce short-term poverty through cash transfers and long-term poverty through enhancing investments in human capital. While numerous evaluations of CCTs show positive short-term...