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This paper demonstrates how corruption negatively impacts policy effectiveness in a program that is explicitly designed to be unsusceptible to bribery, clientelism, and the embezzlement of money: Brazil’s Bolsa Família program. The program’s centralized beneficiary selection process enables me to identify families that were randomly admitted or not admitted to Bolsa Família and to estimate the program’s effectiveness in different years and municipalities. Exploiting a second natural experiment, I then show
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