THE RESPONSES OF YOUTH TO A CASH TRANSFER CONDITIONAL ON SCHOOLING: A QUASI‐EXPERIMENTAL STUDY
利用出生时间导致的转移金额差异，估计以高中出勤为条件的现金转移对青年劳动供给和学业表现的影响，发现转移增加了劳动参与和工作月数，对低收入家庭影响更大，但未改善学业表现。
SUMMARY We estimate the effect of cash transfers given to youth conditional on high school attendance on the labor supply decisions and academic performance of youth. We exploit differences in the size of the total transfer received based on timing of birth to identify the causal effects of interest. Specifically, individuals born late in a quarter receive a larger total transfer than comparable individuals born early in the following quarter. We find that the transfer increases the labor market participation of youth and the number of months worked. The estimated effect is larger for individuals from low‐income families. The results suggest that some youths are borrowing constrained. Since we find no evidence of corresponding effects on academic performance, alleviating the constraint appears only to affect consumption decisions and not human capital investment. Copyright © 2011 John Wiley & Sons, Ltd.