The effects of property rights on investment are typically hypothesized to occur through a security-induced investment demand and a collateral-based credit supply. Using a two period model, this paper shows that for farms that are constrained in their access to liquidity, the investment demand...

This paper makes two contributions. First, it carries out an extensive analysis of episodes of poverty changes and documents the empirical distribution of poverty changes. This is useful for providing some context for assessing whether observed changes in poverty that a country may achieve are...

Child health, particularly long-term nutritional status, is closely related to the characteristics of families, communities and children, including level of education and access to public services,. Public policy has a crucial role in increasing the likelihood that a child can access high...

Despite improvements in enrolment rates in recent decades, the Peruvian school system still has serious shortcomings. A high drop-out rate in secondary school stems from the fact that the system does not provide adequate support for students who fall behind, cannot afford to go to school, or...