Educational Impacts and Cost-Effectiveness of Conditional Cash Transfer Programs in Developing Countries: A Meta-Analysis

65 Pages Posted: 17 Jul 2017

See all articles by Sandra Garcia

Sandra Garcia

Universidad de los Andes, Colombia

Juan Saavedra

University of Southern California - Department of Economics; Center for Economic and Social Research (CESR)

Date Written: July 2017

Abstract

We meta-analyze for impact and cost-effectiveness 94 studies from 47 conditional cash transfer (CCT) programs in low- and middle-income countries worldwide, focusing on educational outcomes that include enrollment, attendance, dropout and school completion. To conceptually guide and interpret the empirical findings of our meta-analysis, we present a simple economic framework of household decision-making that generates predictions, all else constant, for the association between certain program context and design characteristics, and impact estimates. We also present a simple model for the analysis of program costs, using it to compute cost-effectiveness estimates for a subsample of CCT programs. For all schooling outcomes, we find strong support for heterogeneity in impact, transfer-effectiveness, and cost-effectiveness estimates. Our meta-analytic results of impact and transfer-effectiveness estimates provide support to some – but not all – of the predictions from the household decision-making model.

Suggested Citation

Garcia, Sandra and Saavedra, Juan, Educational Impacts and Cost-Effectiveness of Conditional Cash Transfer Programs in Developing Countries: A Meta-Analysis (July 2017). NBER Working Paper No. w23594. Available at SSRN: https://ssrn.com/abstract=3003732

Sandra Garcia (Contact Author)

Universidad de los Andes, Colombia ( email )

Carrera Primera # 18A-12
Bogota, DC D.C. 110311
Colombia

Juan Saavedra

University of Southern California - Department of Economics ( email )

3620 South Vermont Ave. Kaprielian (KAP) Hall, 300
Los Angeles, CA 90089
United States

Center for Economic and Social Research (CESR)

635 Downey Way
Los Angeles, CA 90089-3332
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
19
Abstract Views
156
PlumX Metrics