What happens to participants in a workfare program--a program that imposes work requirements on welfare recipients--when that program is cut? The authors compare the incomes of workfare participants in Argentina to those of nonparticipants and past participants after a severe contraction in...

Credibility and transparency are at the core of the current debate about exchange rate regimes. The steady growth in the magnitude and variability of international capital flows has complicated the question of whether to use floating, fixed, or intermediate exchange rate regimes. Emerging market...

We propose a method for estimating the mean impact of an assigned social program when it is not feasible to do a pre-intervention baseline survey but it is feasible to track ex-participants. In our triple-difference estimator, measured outcome changes are compared between continuing participants...

Randomly sampled workfare participants in a welfare-dependent region of Argentina were given a voucher that entitled an employer to a sizable wage subsidy. A second sample also received the option of skill training, while a third sample formed the control group. The authors analyze the effects...

It is common for central governments, to delegate authority over the targeting of welfare programs to local community organizations - which may be better informed about who is poor, though possibly less accountable for getting the money to the local poor - while the center retains control over...

The authors assess the impact of Argentina's main social policy response to the severe economic crisis of 2002. The program aimed to provide direct income support for families with dependents, for whom the head had become unemployed due to the crisis. Counterfactual comparisons are based on a...

April 2000 - Community-level targeting of antipoverty programs is now common. Do local community organizations target the poor better than the central government? In one program in Bangladesh, the answer tends to be yes, but performance varies from village to village. The authors try to explain...