Do School Subsidies Promote Human Capital Investment among the Poor?*
研究条件性转移支付（如要求上学）如何通过影响人力资本的影子价格和家庭议价，促使贫困家庭重新分配资源，从而提升下一代人力资本。使用墨西哥条件性转移项目数据提供证据。
Abstract We investigate the hypothesis that conditioning transfers to poor families on school attendance leads to a reallocation of household resources which enhances the human capital of the next generation, via the effect of the conditionality on the shadow price of human capital and (possibly) via the effect of the transfers on household bargaining. We introduce a model to study the effects of conditional transfers on intra‐household allocations, and provide suggestive evidence of the importance of price effects using data from a conditional transfer program in Mexico.