In economies characterized by low labor demand and high rates of youth unemployment, entrepreneurship training has the potential to enable youth to gain skills and create their own jobs. This paper presents experimental evidence on a new entrepreneurship track that provides business training and...

Cash transfer programs have spread rapidly as an instrument to raise household consumption and reduce poverty. Questions remain about the sustainability of cash transfer impacts in low-income settings such as Sub-Saharan Africa and, in particular, on whether cash transfers can foster productive...

While climate change is likely to increase weather risks in many developing countries, there is little evidence on effective policies to facilitate adaptation. This paper presents experimental evidence on a program in rural Nicaragua aimed at improving households' risk-management through income...

Interventions aimed at increasing the income generating capacity of the poor, such as vocational training, micro-finance or business grants, are widespread in the developing world. How to target such interventions is an open question. Many programs are self-targeted, but if perceived returns...

Climatic shocks exacerbate consumption volatility and seasonality. When facing fluctuations in labor needs and prices, low-income rural households may rationally increase their consumption during specific seasons rather than maintaining it constant throughout the year. This makes the optimal...