This study examines why cash grants fail to increase parental investment in child education, and what can be done to increase their effectiveness. The findings assert that designing interventions as cost-sharing schemes instead of a lumpsum grant scheme significantly increases the willingness of...

This study formulates a theoretical framework to shed light on why cash grants fail to increase parental investment in child education, and what can be done to increase their effectiveness. The paper asserts that consumption vulnerability, loss aversion, and information friction render lump-sum...