Slave Redemption When it Takes Time to Redeem Slaves
We analyze slave redemption programs—the buying of slaves to give them their freedom--in a simple matching model, i.e., under the assumption that it takes time to find slaves to buy or sell. Unlike in a supply and demand framework, where sufficiently large and effective redemption programs must lead to an increase in the price at which slaves are exchanged, we find that such programs do not necessarily raise the price of slaves. We also use the model to explain why a slave redemption program can slow the flow of people into the actual state of slavery, but at the same time can increase the number of people captured to be slaves. We present contemporary examples to suggest that the weight that should be assigned to costs inflicted on the extra captured people, versus the benefits enjoyed by those redeemed, depends critically on the nature of the experience at, and just after, capture.
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- Carol Ann Rogers & Kenneth A. Swinnerton, 2008.
"A theory of exploitative child labor,"
Oxford Economic Papers,
Oxford University Press, vol. 60(1), pages 20-41, January.
- Rogers Carol Ann & Swinnerton Kenneth A, 2005. "A Theory of Exploitative Child Labor," Labor and Demography 0510006, EconWPA.
- Carol Ann Rogers & Kenneth A. Swinnerton, 2003. "A Theory of Exploitative Child Labor," Development and Comp Systems 0306005, EconWPA.
- Carol Rogers & Kenneth A. Swinnerton, 2002. "A Theory of Exploitative Child Labor," Working Papers gueconwpa~02-02-03, Georgetown University, Department of Economics.
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