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5 Years in Juntos: New Evidence on the Program’s Short and Long-Term Impacts


  • Elizaveta Perova

    () (World Bank)

  • Renos Vakis

    () (World Bank)


This study presents results from a quantitative impact evaluation of the Conditional Cash Transfer (CCT) program, Juntos, in Peru. Using instrumental variable techniques, it estimates the overall impact of Juntos five years after its initial rollout and explores the differential impacts among beneficiaries according to the length of time they spent in the program. In so doing, the analysis explores whether it takes time for the program to make significant and sizable impacts; and whether some impacts change in magnitude the longer the beneficiaries spend in the program. The results seem to confirm both hypotheses: almost all indicators of interest are significantly higher among beneficiaries with longer treatment spells. However, in many cases these improvements are too small to be picked up in the analysis of overall effects, when beneficiaries are compared to non-beneficiaries. These findings suggest that while the program has a non negligible impact on welfare, there is room for improvement.

Suggested Citation

  • Elizaveta Perova & Renos Vakis, 2012. "5 Years in Juntos: New Evidence on the Program’s Short and Long-Term Impacts," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 35(69), pages 53-82.
  • Handle: RePEc:pcp:pucrev:y:2012:i:69:p:53-82

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    Cited by:

    1. White, Justin S. & Basu, Sanjay, 2016. "Does the benefits schedule of cash assistance programs affect the purchase of temptation goods? Evidence from Peru," Journal of Health Economics, Elsevier, vol. 46(C), pages 70-89.
    2. Dragan Filipovich & Miguel Niño-Zarazúa & Alma Santillán Hernández, 2018. "Campaign externalities, programmatic spending, and voting preferences in rural Mexico: The case of Progresa-Oportunidades-Prospera programme," WIDER Working Paper Series 027, World Institute for Development Economic Research (UNU-WIDER).
    3. Mejía Acosta, Andrés & Haddad, Lawrence, 2014. "The politics of success in the fight against malnutrition in Peru," Food Policy, Elsevier, vol. 44(C), pages 26-35.

    More about this item


    poverty; transfers; Peru;

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs


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