Shocks are often primarily associated with downward mobility or short-term movements in and out of poverty. However, households at the bottom of the welfare distribution are likely to face the most constraints to access insurance mechanisms. In this paper, we consider whether shocks directly affect poverty persistence. In order to analyze the impact of shocks on households’ welfare path over time...

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Conditional cash transfer (CCT) programs have proved to be effective in inducing chronic poor households to invest in the human capital of their children while helping reduce poverty. They have also protected child human capital from the shocks that affect these households. In this paper, we argue that many non-poor households exposed to uninsured shocks have to use children as risk coping...

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