During the last decade, conditional cash transfer programs have expanded in developing countries as a way to increase school enrollment and deter youth from dropping out of school. However, despite evidence of these programs' positive impact on school enrollment and attendance, little is known...

We investigate the effect of education Conditional Cash Transfer programs (CCTs) on teenage pregnancy. Our main concern is with how the size and sign of the effect may depend on the design of the program. Using a simple model we show that an education CCT that conditions renewal on school...