The Wealth Paradox Revisited: Credit Market Imperfections and Child Labor
We revisit the model of child labor in a peasant household presented in Bhalotra and Heady (2003), and demonstrate that the e¤ect of credit market imperfections on child labor di¤ers between households that save and households that borrow. This in turn is important for the interpretation of empirical results.
|Date of creation:||23 Oct 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden|
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- Eric V. Edmonds & Nina Pavcnik, 2005. "Child Labor in the Global Economy," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 199-220, Winter.
- 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.
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