Maddalena Honorati is a senior economist in the World Bank’s Social Protection and Labour Strategy & Results Team. She has worked on firm productivity, informality, foreign direct investment and the impact of investment climate regulations on firm performance. Recently, her research has focused on active labour market programs and and graduation strategies for safety net beneficiaries. She has worked on vocational training programs for youth in Kenya and Yemen, conditional cash transfer programs in Pakistan and recently in Ecuador. In Kenya, she is employing microeconomic field data collections in the context of randomization to evaluate two different urban labour market interventions designed to help young people overcome barriers that prevent them either from entering the work force or from starting their own businesses. She holds a Ph.D. in Economics from Bocconi University and an M.Sc. from Pompeu Fabra University.