Conditional cash transfers provide income and promote human capital investments. Yet evaluating their longitudinal impacts is hard, as most experimental evaluations treat control locations after a few years. We examine such impacts in Indonesia after six years, where the program rollout left the experiment largely intact. We find static effects on many targeted indicators: childbirth using trained professionals increased dramatically, and under-15 children not in school fell by half. We observe impacts requiring cumulative investments: stunting fell by 23 percent. While human capital accumulation increased, the transfers did not lead to transformative economic change for recipient households.

中文翻译：

---

有条件现金转移计划的累积影响：来自印度尼西亚的实验证据

有条件的现金转移提供收入并促进人力资本投资。然而，评估它们的纵向影响很困难，因为大多数实验评估都是在几年后处理控制位置的。我们在六年后检查了印度尼西亚的此类影响，该计划的推出使实验基本完好无损。我们发现对许多目标指标的静态影响：使用训练有素的专业人员的分娩急剧增加，未上学的 15 岁以下儿童减少了一半。我们观察到需要累积投资的影响：发育迟缓下降了 23%。虽然人力资本积累增加，但转移并未为受援家庭带来经济转型。