Conditional cash transfers (CCTs) aim to increase human capital in poor families. They do this directly through conditions but may also influence household decision-making in other ways. Using a regression discontinuity design, we test whether a large CCT program affects discounting choices and aspirations for children’s education. A greater willingness to defer consumption and desire to invest in education may result from habits formed during the program, through information received, or by the relaxation of the budget constraint. However, we find no evidence of such impacts, which limits the long-term impacts of such programs if the transfers were to cease.

中文翻译：

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有条件的现金转移：它们是否会导致更多的患者选择和更高的教育愿望？

有条件现金转移支付 (CCT) 旨在增加贫困家庭的人力资本。他们直接通过条件做到这一点，但也可能以其他方式影响家庭决策。使用回归不连续性设计，我们测试大型 CCT 计划是否会影响对儿童教育的折扣选择和愿望。更愿意推迟消费和投资教育的愿望可能是由于计划期间形成的习惯，通过收到的信息，或由于预算约束的放松。但是，我们没有发现此类影响的证据，如果转移停止，这将限制此类计划的长期影响。