The Long-Run Effects of Conditional Cash Transfers: the Case of Bolsa Familia in Brazil

Guido Neidhofer (), Luis Laguinge and Leonardo Gasparini
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Guido Neidhofer: ZEW Mannheim
Leonardo Gasparini: CEDLAS

No 684, Working Papers from ECINEQ, Society for the Study of Economic Inequality

Abstract: Conditional Cash Transfers (CCTs) have become a key antipoverty policy in Latin America inthe last 25 years. The ultimate goal of this kind of programs is to break the intergenerationaltransmission of poverty through the promotion of human capital accumulation of children invulnerable households. In this paper, we explore this issue by estimating the long-run effectsof the largest CCT in Latin America: the Brazilian Bolsa Familia. Through a combinationof the two-stage-two-sample method and a difference-in-differences approach, we find evidenceconsistent with a positive long-run impact of Bolsa Familia among former beneficiaries. Inparticular, we find a significant positive effect on education and labor income, and a negativeeffect on the likelihood of being a current beneficiary of this social transfer.

Keywords: Conditional cash transfers; long term effects; human capital formation; Bolsa Familia; Brazil; Latin America. (search for similar items in EconPapers)
JEL-codes: D04 I38 J24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2025-05
New Economics Papers: this item is included in nep-dev, nep-lma and nep-ltv
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Working Paper: The Long-Run Effects of Conditional Cash Transfers: the Case of Bolsa Familia in Brazil (2024)
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