The Luxury Axiom, The Wealth Paradox, And Child Labor
Basu and Van (1998) present a fundamental framework of child labor with two important axioms: the luxury axiom and the substitution axiom. A number of empirical studies, however, reveal a ¡°wealth paradox¡±. The current paper has two aims. First, it develops a model that provides an explanation for ¡°the wealth paradox¡± in light of the luxury axiom and the substitution axiom. Second, it helps understand the relationship between the luxury axiom and the substitution axiom.
Volume (Year): 36 (2011)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.jed.or.kr/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Basu, Kaushik & Das, Sanghamitra & Dutta, Bhaskar, 2007.
"Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U,"
07-02, Cornell University, Center for Analytic Economics.
- Basu, Kaushik & Das, Sanghamitra & Dutta, Bhaskar, 2010. "Child labor and household wealth: Theory and empirical evidence of an inverted-U," Journal of Development Economics, Elsevier, vol. 91(1), pages 8-14, January.
- Basu, Kaushik & Das, Sanghamitra & Dutta, Bhaskar, 2007. "Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U," IZA Discussion Papers 2736, Institute for the Study of Labor (IZA).
- Kaushik Basu & Sanghamitra Das & Bhaskar Dutta, 2007. "Child labor and household wealth: Theory and empirical evidence of an inverted-U," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 07-01, Indian Statistical Institute, New Delhi, India.
- Basu, Kaushik & Das, Sanghamitra & Dutta, Bhaskar, 2009. "Child Labor and Household Wealth : Theory and Empirical Evidence of an Inverted-U," The Warwick Economics Research Paper Series (TWERPS) 888, University of Warwick, Department of Economics.
- Uma Kambhampati & Raji Rajan, 2004.
"Economic Growth: A Panacea for Child Labour?,"
Economics & Management Discussion Papers
em-dp2004-12, Henley Business School, Reading University.
- Sonia Bhalotra & Christopher Heady, 2003.
"Child Farm Labor: The Wealth Paradox,"
Bristol Economics Discussion Papers
03/553, Department of Economics, University of Bristol, UK.
- Bhalotra, Sonia & Heady, Christopher, 2001. "Child farm labour : the wealth paradox," Social Protection and Labor Policy and Technical Notes 24088, The World Bank.
- Hunt, E. H., 1986. "Industrialization and Regional Inequality: Wages in Britain, 1760–1914," The Journal of Economic History, Cambridge University Press, vol. 46(04), pages 935-966, December.
- Ranjan, P., 1999.
""Credit Constraints and the Phenomenon of Child Labor","
98-99-12, California Irvine - School of Social Sciences.
- Ranjan, Priya, 2001. "Credit constraints and the phenomenon of child labor," Journal of Development Economics, Elsevier, vol. 64(1), pages 81-102, February.
- Matthias Doepke & Fabrizio Zilibotti, 2005.
"The macroeconomics of child labor regulation,"
354, Federal Reserve Bank of Minneapolis.
- Atheendar S. Venkataramani & K.R. Shanmugam & Jennifer Prah Ruger, 2010.
"Health, Technical Efficiency, And Agricultural Production In Indian Districts,"
Journal of Economic Development,
Chung-Ang Unviersity, Department of Economics, vol. 35(4), pages 1-23, December.
- Atheendar S. Venkataramani & K.R. Shanmugam & Jennifer Prah Ruger, 2006. "Health, Technical Efficiency And Agricultural Production In Indian Districts," Microeconomics Working Papers 22519, East Asian Bureau of Economic Research.
- Atheendar S. Venkataramani & K.R. Shanmugam & Jennifer Prah Ruger, 2006. "Health, Technical Efficiency and Agricultural Production in Indian Districts," Working Papers 2006-011, Madras School of Economics,Chennai,India.
- Christelle Dumas, 2007. "Why do parents make their children work? A test of the poverty hypothesis in rural areas of Burkina Faso," Oxford Economic Papers, Oxford University Press, vol. 59(2), pages 301-329, April.
- Cheolsung Park, 2010. "Children¡¯S Health Gradient In Developing Countries: Evidence From Indonesia," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(4), pages 25-44, December.
- Kaushik Basu, 1999.
"Child Labor: Cause, Consequence, and Cure, with Remarks on International Labor Standards,"
Journal of Economic Literature,
American Economic Association, vol. 37(3), pages 1083-1119, September.
- Basu, Kaushik, 1998. "Child labor : cause, consequence, and cure, with remarks on International Labor Standards," Policy Research Working Paper Series 2027, The World Bank.
- David N. Well, 2007. "Accounting for the Effect Of Health on Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 122(3), pages 1265-1306.
- Kruger, Diana I., 2007. "Coffee production effects on child labor and schooling in rural Brazil," Journal of Development Economics, Elsevier, vol. 82(2), pages 448-463, March.
- Cigno, Alessandro & Rosati, Furio Camillo, 2005. "The Economics of Child Labour," OUP Catalogue, Oxford University Press, number 9780199264452.
- Talia Bar & Kaushik Basu, 2009. "Children, Education, Labor, and Land: In The Long Run and Short Run," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 487-497, 04-05.
- Horrell, Sara & Humphries, Jane & Voth, Hans-Joachim, 2001. "Destined for Deprivation: Human Capital Formation and Intergenerational Poverty in Nineteenth-Century England," Explorations in Economic History, Elsevier, vol. 38(3), pages 339-365, July.
When requesting a correction, please mention this item's handle: RePEc:jed:journl:v:36:y:2011:i:3:p:25-45. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Changhui Kang)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.