Penelitian ini bertujuan untuk menganalisis pengaruh Program Indonesia Pintar (PIP) terhadap putus sekolah bagi siswa miskin dan rentan miskin, baik sebelum maupun saat pandemi Covid-19. Penelitian ini menggunakan data Survei Sosial Ekonomi Nasional (Susenas) 2019 dan 2021 dengan metode Propensity Score Matching (PSM). Hasil penelitian menunjukkan bahwa PIP memiliki pengaruh yang berbeda pada setiap jenjang pendidikan dimana PIP dapat menurunkan probabilitas putus sekolah bagi siswa miskin dan rentan miskin penerima PIP pada jenjang SD/Sederajat 2019, SMP/Sederajat 2019 dan 2021, serta SMA/Sederajat 2021. Sementara itu, PIP tidak berpengaruh terhadap tingkat putus sekolah pada siswa jenjang SD/Sederajat 2021 dan SMA/Sederajat 2019.

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This research aims to analyze the impact of the Program Indonesia Pintar on school dropout rates among poor and vulnerable students, both before and during the Covid-19 pandemic. The study utilizes data from the National Socioeconomic Survey (Susenas) of 2019 and 2021, using the Propensity Score Matching (PSM) method. The research findings indicate that PIP has different effects at each educational level, where PIP can reduce the probability of school dropout among poor and vulnerable students who receive PIP at the primary school level (SD/equivalent) in 2019, junior high school level (SMP/equivalent) in 2019 and 2021, as well as high school level (SMA/equivalent) in 2021. However, PIP does not have an impact on the school dropout rates among students at the SD/equivalent in 2021 and the SMA/equivalent in 2019.