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The Department of Economics of the Catholic University of Chile has a long tradition of evaluating social projects, in other words, projects involving investment in human capital. It started) in 1977, with the first evaluation of the National Complementary Feeding Program (PNAC) and continued with the study of Full Care Centers for Minors (2-6 years old) in Extreme Poverty ( Centro de Atencion Integral para Menores en Pobreza Extrema, (CAI) and the study of the Centros de Atencion Diurna (CAD), where primary and secondary education students in poverty would attend during the half day they are not in school, to name a few of the several social programs evaluated by the Inter American Course on Project Evaluation (CIAPEP). This effort continued with an analysis of housing subsidy systems conducted in the late 80s, and it continues now in 2003 with the evaluation of the labor and economic reconversion program which was put into operation when the coal mines were closed in Lota in the late 90s.

ASSESSING REAL BENEFITS OF A SOCIAL PROGRAM. FROM COUNTERFACTUAL TO A MEASURE OF ITS IMPACT