Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective
In this paper we investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire equilibrium may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban. Given this finding, we investigate the potential political-economic reasons behind the emergence and persistence of child-labor legislation. Our investigation is based on a structural dynamic general equilibrium model that provides a coherent and uniform framework for our analysis.
|Date of creation:||Nov 2006|
|Publication status:||published as Rupert, Peter (ed.) Frontiers in Family Economics. Bingley, UK: Emerald Group Publishing Limited, 2008.|
|Note:||CH ED EFG PE LS|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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