The Experience of Conditional Cash Transfers in Latin America and the Caribbean
Sudhanshu Handa and
Benjamin Davis Additional contact information Sudhanshu Handa: University of North Carolina
Benjamin Davis: Agricultural and Development Economics Division, Food and Agriculture Organization
Abstract:
This paper discusses the experience of six conditional cash transfer programs in Latin America, a model of social safety nets which have grown to dominate the social protection sector in the region over the last 10 years. We find that while conditional cash transfer programs have generally been successful in terms of reaching their core objective, it is still not clear whether they constitute the most cost efficient or sustainable solution to the development bottleneck they seek to adress. Further, the almost exclusive focus on human capital accumulation of children leads to missed opportunties in terms of impact on household welfare and the broader rural development context.