Reassessing Conditional Cash Transfer Programs
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Oxford University Press on behalf of the World Bank
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During the past decade, the use of
conditional cash transfer programs to increase investment in
human capital has generated considerable excitement in both
research and policy forums. This article surveys the
existing literature, which suggests that most conditional
cash transfer programs are used for essentially one of two
purposes: restoring efficiency when externalities exist or
improving equity by targeting resources to poor households.
The programs often meet their stated objectives, but in some
instances there is tension between the efficiency and equity
objectives. The overall impact of a program depends on the
gains and losses associated with each objective.
Palabras clave
ADVERSE IMPACT, AGRICULTURE, AID AGENCIES, ANTI-POVERTY, ASYMMETRIC INFORMATION, BARGAINING, BARGAINING MODELS, BENEFICIARIES, BENEFICIARY, BOUNDED RATIONALITY, BUDGET CONSTRAINT, CALORIC INTAKE, CAPITAL INVESTMENTS, CASH PAYMENT, CASH PAYMENTS, CASH TRANSFER, CASH TRANSFER PROGRAMS, CASH TRANSFERS, CD, CHILD LABOR, CHILD LABOUR, CHILD MORTALITY, CHILD NUTRITION, COLLECTIVE APPROACH, CORRELATES OF POVERTY, COST-EFFECTIVENESS, CREDIT CONSTRAINTS, CREDIT RATIONING, DEVELOPMENT ECONOMICS, DEVELOPMENT POLICIES, ECONOMIC ANALYSIS, ECONOMIC MODELS, ECONOMIC RESEARCH, ECONOMICS, ECONOMICS RESEARCH, EFFICIENT OUTCOMES, EMPLOYMENT, EMPLOYMENT STATUS, EXPENDITURE, EXPENDITURES, EXTERNALITIES, EXTERNALITY, EXTREMELY POOR HOUSEHOLDS, FARMERS, FOOD FOR EDUCATION, FOOD INTAKE, FOOD STAMPS, FOOD SUBSIDIES, FOOD TRANSFERS, FUNGIBLE, FUTURE RESEARCH, HOUSEHOLD BARGAINING, HOUSEHOLD HEAD, HOUSEHOLD HEADS, HOUSEHOLD INCOME, HOUSEHOLD WEALTH, HOUSEHOLD WELFARE, HUMAN CAPITAL, HUMAN CAPITAL INVESTMENT, HUMAN RESOURCES, IMPACT ON POVERTY, IMPERFECT INFORMATION, INCOME EFFECT, INCOME LEVEL, INCOME SUPPORT, INCOME TRANSFERS, INDIFFERENCE CURVES, INEFFICIENCY, INEQUALITY, INSURANCE, INSURANCE MARKETS, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL LABOR STANDARDS, INVESTMENT CHOICES, INVESTMENT DECISIONS, INVESTMENT PATTERNS, LABOR FORCE, LABOR MARKET, LABOR STANDARDS, LABOUR STANDARDS, LAND OWNERSHIP, LANDHOLDINGS, MALNUTRITION, MARKET FAILURE, MARKET FAILURES, MARKET RETURNS, MEANS TESTING, MEANS TESTS, MORAL HAZARD, MOTIVATION, NORMAL GOOD, OPPORTUNITY COST, POLITICAL ECONOMY, POOR, POOR COUNTRIES, POOR HOUSEHOLDS, POOR PEOPLE, POSITIVE EFFECTS, POSITIVE EXTERNALITIES, POVERTY LEVELS, POVERTY REDUCTION, PRINCIPAL-AGENT PROBLEMS, PUBLIC ASSISTANCE, PUBLIC SPENDING, RATE OF RETURN, RATES OF RETURN, RETURNS, RURAL, RURAL FAMILIES, RURAL HOUSEHOLDS, SCHOOL FEEDING, SOCIAL NETWORKS, TARGETED TRANSFERS, TARGETING, UNEMPLOYED, VOTERS, WEALTH EFFECT