Conditional Cash Transfers (CCTs) provide income to the poor in an effort to improve current welfare and promote investment in human and social capital to prevent future deprivation. So far, the impact evaluation literature has focused on estimating current effects on outcomes such as school...

Conditional Cash Transfers (CCTs) provide income to the poor in an effort to improve current welfare and promote investment in human and social capital to prevent future deprivation. So far, the impact evaluation literature has focused on estimating current effects on outcomes such as school...

This document presents a discussion of vulnerability estimates – defined as the risk of being poor in the future – in Latin American countries from both a conceptual and an empirical perspective, based on recent developments in the distributive literature. The document develops two main...