Investment in human capital is an important tool for reducing poverty. However, the poor may lack the capacity to aspire, which often results in underinvestment in their children's education. This paper studies the effect of a social program on the educational aspirations poor parents have for their children, and explores the role of exposure to…

Conditional cash transfer programs (CCTs) have two main objectives: reducing poverty and increasing the human capital of children. To reach these objectives, transfers are given to poor households conditioned on investments in their children's education, health, and nutrition. Targeting mechanisms used by CCTs have been generally successful in…

In rural Mexico, the Progresa program provided educational grants to poor mothers of children enrolled in grades 3-9 and attending 85 percent of the school days. Payments were increased at the higher grades, a premium was paid for girls enrolled in grades 7-9, and every 6 months the grants were adjusted upward to compensate for inflation. The…