NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Max Kapustin

Department of Economics
University of Michigan
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NBER Working Papers and Publications

May 2014Human Capital Effects of Anti-Poverty Programs: Evidence from a Randomized Housing Voucher Lottery
with Brian Jacob, Jens Ludwig: w20164
Whether government transfer programs increase the human capital of low-income children is a question of first-order policy importance. Such policies might help poor children if their parents are credit constrained, and so under-invest in their human capital. But it is also possible that whatever causes parents to have low incomes might also directly influence children's development, in which case transfer programs need not improve poor children's long-term life chances. While several recent influential studies suggest anti-poverty programs have larger human capital effects per dollar spent than do even the best educational interventions, identification is a challenge because most transfer programs are entitlements. We overcome that problem by studying the effects on children of a generous ...
 
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