"Credit Constraints and the Phenomenon of Child Labor"
AbstractThis paper develops an overlapping generations general equilibrium model to show how the phenomenon of child labor can arise due to a combination of poverty and credit constraints. It further shows that in the presence of credit constraints, the incidence of child labor is positively related with inequality in the distribution of income, and presents some empirical evidence consistent with this result.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 98-99-12.
Length: 28 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
CHILDREN ; SOCIAL WELFARE ; CREDIT;
Other versions of this item:
- Ranjan, Priya, 2001. "Credit constraints and the phenomenon of child labor," Journal of Development Economics, Elsevier, vol. 64(1), pages 81-102, February.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D60 - Microeconomics - - Welfare Economics - - - General
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