Child Labor and Fertility
AbstractThis essay analyzes the economic causes and effects of household decisions concerning fertility, education and child labor when children can supplement family income early in life and must support their parents in old age as adults. Parents, who raise and educate children for both financial and altruistic reasons, will typically choose a too little schooling for the economy to grow when all are poor. High child- raising costs or an educational process which is not sufficiently productive are the main reasons for the existence of a poverty trap with a high population growth rate and little or no schooling. Interventions such as taxes and subsidies can lead to sustained long-term economic growth, with fulltime schooling and a low population growth rate, even without outside aid, if the child-raising costs are not too high and the educational process is at least moderately productive.
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Bibliographic InfoPaper provided by EconWPA in its series HEW with number 0310001.
Length: 42 pages
Date of creation: 23 Oct 2003
Date of revision: 26 Feb 2004
Note: Type of Document - pdf; prepared on WinXP; to print on A4 paper; pages: 42; figures: 6
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Child Labor; Fertility; Growth; OLG;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- I2 - Health, Education, and Welfare - - Education
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