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), 663–681] 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 InfoPaper provided by Carleton University, Department of Economics in its series Carleton Economic Papers with number 03-11.
Length: 6 pages
Date of creation: 15 Oct 2003
Date of revision: Feb 2006
Publication status: Published: Revised version in Journal of Development Economics, Vol. 79, No. 1 (February 2006), pp. 264–272
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Other versions of this item:
- Pouliot, William, 2006. "Introducing uncertainty into Baland and Robinson's model of child labour," Journal of Development Economics, Elsevier, Elsevier, vol. 79(1), pages 264-272, February.
- 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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- NEP-ALL-2003-10-28 (All new papers)
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