There are many studies on the effects of conditional cash transfer programmes on
enrolment, productivity and poverty reduction but very few on causal effects on ages at marriage
and first birth. And none of them considers the convergence effect. This paper provides new
evidence on effects of the Female Secondary Stipend Programme in Bangladesh as an exogenous
variation in time and region on schooling, ages at marriage and first birth outcomes with
regression discontinuity and difference-in-difference approaches. The regression discontinuity
results show that the programme increased completed years of schooling by at least 0.4 years,
and delayed age at first marriage and age at first birth by at least 0.4 and 0.3 years respectively.
We also show that the difference-in-difference method predicts biased results.