PT - JOURNAL ARTICLE AU - Prem, Mounu AU - Vargas, Juan F. AU - Namen, Olga TI - The Human Capital Peace Dividend AID - 10.3368/jhr.59.1.0320-10805R2 DP - 2023 May 01 TA - Journal of Human Resources PG - 962--1002 VI - 58 IP - 3 4099 - http://jhr.uwpress.org/content/58/3/962.short 4100 - http://jhr.uwpress.org/content/58/3/962.full SO - J Hum Resour2023 May 01; 58 AB - While the literature has documented negative effects of conflict on educational outcomes, there is little evidence on the effect of conflict termination. We show how the permanent ceasefire declared by FARC’s insurgency during peace negotiations with the Colombian government caused a differential improvement on several educational outcomes in the areas affected by FARC violence prior to the ceasefire. These effects are not explained by peace building and post-war recovery investments, and they are only partially driven by wartime child soldiering. Instead, we find support for other mechanisms, such as the post-ceasefire plummeting of victimization and new economic opportunities in treated areas.