Intrahousehold Responses to Imbalanced Human Capital Subsidies: Evidence from the Philippine Conditional Cash Transfer Program

The paper finds that a cap on the number of children a household receives payments for has led to incentives for households to focus resources on the specific children being monitored. This has created disparities in outcomes between monitored and unmonitored children within families. The paper suggests how the program could be adjusted to incentivize more balanced investments and outcomes.