This study aims to identify the effects of Juntos, the conditional cash transfer program in Peru, on women's empowerment. Although the program does not envisage women's welfare as an objective per se, women play a key role as they are the main recipients of the cash transfer and are responsible...

The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...

Using a new, nationally representative sample of Chinese households, this paper studies how social capital affects access to credit and its implications for consumption levels. The paper focuses on two specific forms of social capital: private social networks and membership in the Communist...