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The goal of the welfare state is the redistribution of income in order to reduce poverty and reduce inequality. Income inequality and relative poverty are often cited as major policy concerns, and are tracked by economists. Economists and policy makers also value measures of absolute poverty as...
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We study the implementation of Bolsa Familia, a program that conditions cash transfers to poor families on children's school attendance. Using unique administrative data, we analyze how beneficiaries respond to the enforcement of conditionality. Making use of random variation in the day on which...
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increased human capital investments that will be reaped largely or exclusively in the future (that is, when current children … have increased productivity as adults). But such programs aim not only to increase human capital investments with … present discounted value of future earnings from human capital investments in lower and upper secondary schooling. These …
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