More than 60 countries in the world are currently using Conditional Cash Transfers programs to improve health and education of children. However, for some of these countries these programs have already improved education and health so significantly that their most important effect today (or in the near future) is not to motivate these investments, but just labor supply distortions from the cash transfer.
Chile is home to the first program of this type. In this paper I evaluate the labor supply distortions created 26 years after its creation.