This policy research report argues that CCTs have been an effective way to redistribute income to the poor, while recognizing that even the best-designed and best-managed program cannot fulfill all of the needs of a comprehensive social protection system. CCTs therefore need to be complemented with other interventions, such as workfare or employment programs and social pensions. The report also considers the rationale for conditioning the transfers on the use of specific health and education services by program beneficiaries. Political economy considerations also may favor conditional over unconditional transfers: taxpayers may be more likely to support transfers to the poor if they are linked to efforts to overcome poverty in the long term, particularly when the efforts involve actions to improve the welfare of children.
Conditional Cash Transfers: Reducing Present and Future Poverty was managed by Ariel Fiszbein and Norbert Schady. Contributing members of the report were Francisco H. G. Ferreira, Margaret Grosh, Niall Keleher, Pedro Olinto, and Emmanuel Skoufias. Substantial contributions were provided by Maria Victoria Fazio, Deon Filmer, Emanuela Galasso, Margaret Koziol, Philippe Leite, Mette Nielson, and Christine Weigand.
The report benefited from comments from an advisory committee, which included Harold Alderman (World Bank), Orazio Attanasio (University College, London), Jere Behrman (University of Pennsylvania), Timothy Besley (London School of Economics), Santiago Levy (Inter-American Development Bank), Christina Paxson (Princeton University), and Laura Rawlings (World Bank).
Francois Bourguignon, while chief economist of the World Bank, provided strong encouragement and intellectual support to the report. The report was written under the direction and general supervision of Elizabeth King (research manager) and Martin Ravallion (director, Development Research Group).
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Conditional Cash Transfers
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