Abstract
Cash Transfers directed to disadvantaged high school graduates can alleviate liquidity constraints, allowing them to search longer for a better job match or to use the transfer for additional educational investments. However, transfer gains may not reach their full transformative potential if the barriers shaping post-graduation decisions are multidimensional. Informational frictions on the returns to higher education programs and a lack of information on financial planning can lead to suboptimal investments that would be beneficial for students´ future careers. Students may also face behavioral frictions- such as low self-confidence and self-efficacy, present-bias and lack of aspirations, resulting in suboptimal job-search effort and educational/occupational choices. We plan to conduct a randomized controlled trial to evaluate whether a free mentorship program, and its combination with personalized financial coaching, can address non-pecuniary informational and behavioral constraints that shape their educational and labor market decisions and, ultimately, their career outcomes.