Assessing the long-term effects of conditional cash transfers on human capital : evidence from Colombia

Conditional cash transfers are programs under which poor families get a stipend provided they keep their children in school and take them for health checks. Although there is significant evidence showing that they have positive impacts on school participation, little is known about the long-term impacts of the programs on human capital. This paper investigates whether cohorts of children from poor households that benefited up to nine years from Familias en Acción, a conditional cash transfer program in Colombia, attained more school and performed better on academic tests at the end of high school. Identification of program impacts is derived from two different strategies using matching techniques with household surveys, and regression discontinuity design using a census of the poor and administrative records of the program. The authors show that, on average, participant children are 4 to 8 percentage points more likely than nonparticipant children to finish high school, particularly girls and beneficiaries in rural areas. Regarding long-term impact on tests scores, the analysis shows that program recipients who graduate from high school seem to perform at the same level as equally poor non-recipient graduates, even after correcting for possible selection bias when low-performing students enter school in the treatment group. Although the positive impacts on high school graduation may improve the employment and earning prospects of participants, the lack of positive effects on test scores raises the need to further explore policy actions to couple the program's objective of increasing human capital with enhanced learning.Education For All,Tertiary Education,Primary Education,Secondary Education,Teaching and Learning

Assessing the Long-term Effects of Conditional Cash Transfers on Human Capital: Evidence from Colombia

Conditional Cash Transfers (CCT) are programs under which poor families get a stipend provided they keep their children in school and take them for health checks. While there is significant evidence showing that they have positive impacts on school participation, little is known about their long-term impacts on human capital. In this paper we investigate whether cohorts of children from poor households that benefited up to nine years from Familias en Acción, a CCT in Colombia, attained more school and performed better in academic tests at the end of high school. Identification of program impacts is derived from two different strategies using matching techniques with household surveys, and regression discontinuity design using census of the poor and administrative records of the program. We show that, on average, participant children are 4 to 8 percentage points more likely than nonparticipant children to finish high school, particularly girls and beneficiaries in rural areas. Regarding long-term impact on tests scores, the analysis shows that program recipients who graduate from high school seem to perform at the same level as equally poor non-recipient graduates, even after correcting for possible selection bias when low-performing students enter school in the treatment group. Even though the positive impacts on high school graduation may improve the employment and earning prospects of participants, the lack of positive effects on the test scores raises the need to further explore policy actions to couple CCT's objective of increasing human capital with enhanced learning.Conditional Cash Transfers, school completion, academic achievement, learning outcomes

Centralized vs Decentralized Markets in the Laboratory: The Role of Connectivity

This paper compares the performance of centralized and decentralized markets experimentally. We constrain trading exchanges to happen on an exogenously predetermined network, representing the trading relationships in markets with differing levels of connectivity. Our experimental results show that, despite having lower trading volumes, decentralized markets are generally not less efficient. Although information can propagate quicker through highly connected markets, we show that higher connectivity also induces informed traders to trade faster and exploit further their information advantages before the information becomes fully incorporated into prices. This not only reduces market efficiency, but it increases wealth inequality. We show that, in more connected markets, informed traders trade not only relatively quicker, but also more, in the right direction, despite not doing it at better prices

Making Regulation Evolve: A Case Study in Maladaptive Management

This Article is the first cross-disciplinary, comprehensive assessment of one of the earliest regulatory reinvention programs developed to foster more participation and adaptation in decision-making—the Endangered Species Act’s Habitat Conservation Plan Program. Drawing not only from legal sources but also integrating data from recent scientific studies, interviews, surveys of government officials, newspaper investigations, and unpublished databases, this Article delves into the pioneering but defective HCP program as an example of regulatory innovation gone awry. In the active literature on regulatory reinvention, many have pointed to the HCP program as a prototype for collaborative, experimentalist innovations in governance. Though a few HCPs processes are promising examples of the value of broad participation and adaptation in regulation, this Article asserts that the HCP program, as implemented, largely allows for the proliferation of bilateral and inert agreements between agencies and developers for evading the ESA’s otherwise strict prohibitions. More fundamentally, the Article suggests that the HCP regulatory experiment is failing because the agencies charged with administering it have never seriously treated it like an experiment. As Congress again contemplates substantial ESA amendments, the Article argues that regulatory programs must themselves be periodically and systematically adapted in order for agencies, Congress and the public at large to learn and adapt from regulatory mistakes and successes. Only by viewing a regulatory program as an experiment, and by addressing the incentives of the agencies and applicants to cultivate participation and regulatory adaptation, can the HCP program—and indeed all regulation—evolve

Entropic Barriers, Frustration and Order: Basic Ingredients in Protein Folding

We solve a model that takes into account entropic barriers, frustration, and the organization of a protein-like molecule. For a chain of size $M$, there is an effective folding transition to an ordered structure. Without frustration, this state is reached in a time that scales as $M^{\lambda}$, with $\lambda\simeq 3$. This scaling is limited by the amount of frustration which leads to the dynamical selectivity of proteins: foldable proteins are limited to $\sim 300$ monomers; and they are stable in {\it one} range of temperatures, independent of size and structure. These predictions explain generic properties of {\it in vivo} proteins.Comment: 4 pages, 4 Figures appended as postscript fil

Photon-mediated qubit interactions in one-dimensional discrete and continuous models

In this work we study numerically and analytically the interaction of two qubits in a one-dimensionalwaveguide, as mediated by the photons that propagate through the guide. We develop strategies to assert the Markovianity of the problem, the effective qubit-qubit interactions, and their individual and collective spontaneous emission. We prove the existence of collective Lamb shifts that affect the qubit-qubit interactions and the dependency of coherent and incoherent interactions on the qubit separation. We also develop the scattering theory associated with these models and prove single-photon spectroscopy does probe the renormalized resonances of the singleand multiqubit models, in sharp contrast to earlier toy models in which individual and collective Lamb shifts cancel