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Decentralization of the delivery of public services provision is an important governance reform recently witnessed in many developing countries. Public education has been one of the key public services devolved to lower level governments. This paper uses an exclusive and rich longitudinal data on primary schools to evaluate the e¤ects of the(More)
  • Tiago C Berriel, Eduardo Zilberman, Marco Basseto, Bernardo Da Silveira, João Manoel, Pinho De Mello +14 others
  • 2011
This paper introduces cash transfers targeting the poor in an incomplete markets model with heterogeneous agents facing idiosyncratic risk. These transfers change the degree of insurance in the economy and affect precautionary motives asymmetrically, leading the poorest households to decrease savings proportionally more than their richer counterparts. In a(More)
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