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Beyond the Income Effect : Impacts of Conditional Cash Transfer Programs on Private Investments in Human Capital

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dc.contributor.authorZiegelhofer, Zacharias
dc.contributor.authorCruz, Marcio
dc.date.accessioned2014-06-26T22:22:12Z
dc.date.available2014-06-26T22:22:12Z
dc.date.issued2014-05
dc.description.abstractIn the past decade, conditional cash transfer (CCT) programs have become an important component of social policy in developing countries. While the impacts of these programs have been well researched with respect to their effectiveness to achieve intended outcomes, less is known about their impact on private expenditure decisions. This aspect has great policy relevance since changes in private household expenditures can either support or counteract the aim of the programs. This essay investigates the impact of a CCT program on private household expenditure decisions in nutrition, health and education which are seen as principal contributors to child human capital. First, household expenditure behavior under a CCT program is discussed based on Heckman's model on the technology of skill formation as a conceptual framework. The paper shows how intra-household preferences and perceptions on the substitutability or complementarity of investments can impact household resource allocation decisions. Subsequently, the theoretical implications are tested in the context of the Brazilian CCT program Bolsa Família, using the Brazilian household expenditure survey. Evidence is found that households increase their private expenditure in food and education disproportionally to the amount of cash transfer, that is, more than would be expected when considering the Engel curves of the expenditures under question.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/05/19520425/beyond-income-effect-impacts-conditional-cash-transfer-programs-private-investments-human-capital
dc.identifier.doi10.1596/1813-9450-6867
dc.identifier.urihttps://hdl.handle.net/10986/18807
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6867
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAGED
dc.subjectAGRICULTURE
dc.subjectBANK ACCOUNT
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBOLSA
dc.subjectBREASTFEEDING
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGETING
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INVESTMENTS
dc.subjectCASH TRANSFER
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCHILD LABOR
dc.subjectCHILD NUTRITION
dc.subjectCOMPLEMENTARY INPUTS
dc.subjectCOMPLEMENTARY INVESTMENTS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCREDIT CARD
dc.subjectCREDIT CONSTRAINT
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectDECISION MAKING
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNT RATES
dc.subjectDUMMY VARIABLES
dc.subjectDURABLES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectENFORCEMENT MECHANISM
dc.subjectENGEL CURVE
dc.subjectENGEL CURVES
dc.subjectEQUATIONS
dc.subjectEXCHANGE RATE
dc.subjectEXPECTED UTILITY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNALITIES
dc.subjectEXTREME POVERTY
dc.subjectFAMILIES
dc.subjectFEMALE
dc.subjectFRAUD
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGENDER
dc.subjectHEALTH CARE
dc.subjectHEALTH EDUCATION
dc.subjectHEALTH SERVICES
dc.subjectHOSPITALS
dc.subjectHOUSEHOLD BARGAINING
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectHOUSING HYGIENE
dc.subjectHUMAN CAPITAL
dc.subjectHYGIENE
dc.subjectIMMUNIZATION
dc.subjectINCOME
dc.subjectINCOME EFFECT
dc.subjectINCOME VOLATILITY
dc.subjectINFLATION
dc.subjectINFLATION INDEX
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERVENTION
dc.subjectINVESTMENT BEHAVIORS
dc.subjectINVESTMENT FUNCTION
dc.subjectLABOR MARKET
dc.subjectLIVING CONDITIONS
dc.subjectBOLSA FAMíLIA PROGRAM
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectREGRESSION DISCONTINUITY DESIGN
dc.subjectADOLESCENTS
dc.titleBeyond the Income Effect : Impacts of Conditional Cash Transfer Programs on Private Investments in Human Capitalen
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.crossref.titleBeyond the Income Effect: Impacts of Conditional Cash Transfer Programs on Private Investments in Human Capital
okr.date.disclosure2014-05-15
okr.date.doiregistration2025-04-10T11:26:43.019561Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/05/19520425/beyond-income-effect-impacts-conditional-cash-transfer-programs-private-investments-human-capital
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.guid756371468020374714
okr.identifier.doi10.1596/1813-9450-6867
okr.identifier.externaldocumentum000158349_20140515141216
okr.identifier.internaldocumentum19520425
okr.identifier.reportWPS6867
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/05/15/000158349_20140515141216/Rendered/PDF/WPS6867.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.topicGender::Gender and Social Policy
okr.topicPoverty Reduction::Conditional Cash Transfers
okr.topicSocial Development::Children and Youth
okr.topicGovernment Policies
okr.topicSocial Protections and Assistance
okr.topicPublic Sector Development
okr.topicSocial Protections and Labor
okr.unitGlobal Modeling and Analytics Team, Development Prospects Group
okr.volume1 of 1
relation.isAuthorOfPublicatione8c266d9-7c38-5ff5-90c2-8308a7cef21a
relation.isAuthorOfPublication.latestForDiscoverye8c266d9-7c38-5ff5-90c2-8308a7cef21a
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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