Introducing uncertainty into Baland and Robinson's model of child labour
AbstractBland and Robinson (2000) [Baland, J.-M., Robinson, J.A., 2000. Is child labour inefficient? Journal of Political Economy 108 (4), 663â681] developed a model of child labour in which child labour can be inefficiently high when parents are credit constrained. We show here that, when return to human capital is uncertain and insurance are incomplete, the level of child labour can be inefficiently high even when parents are not credit constrained and bequests are interior.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Development Economics.
Volume (Year): 79 (2006)
Issue (Month): 1 (February)
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Web page: http://www.elsevier.com/locate/devec
Other versions of this item:
- William Pouliot, 2003. "Introducing Uncertainty into Baland and Robinson's Model of Child Labour," Carleton Economic Papers 03-11, Carleton University, Department of Economics, revised Feb 2006.
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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