Medium Term Educational Consequences of Alternative Conditional Cash Transfer Designs: Experimental Evidence from Colombia
39 Pages Posted: 17 Nov 2015
Date Written: October 2015
We show that three Colombian conditional cash transfer (CCT) programs for secondary school improve educational outcomes after eight years, depending on the stipend structure. Forcing families to save a portion of the transfers until they make enrollment decisions for the next year increases on-time enrollment in secondary school, reduces dropout rates, and promotes tertiary enrollment. Traditional stipends improve on-time enrollment and high school exit exam completion rates. These differences between stipends are statistically significant due to the effects on older students. Finally, a stipend that directly incentivizes tertiary enrollment promotes on-time enrollment in secondary school and in lower quality tertiary institutions.
Keywords: Conditional Cash Transfer, Medium term effects, tertiary education, randomized controlled trial, Bogota Colombia
JEL Classification: C93, I21, I38
Suggested Citation: Suggested Citation