Fiscal policy, expectation traps, and child labor

This paper develops a dynamic model with overlapping generations where there are two possible equilibria: one without child labor, and one with it. It is shown that intergenerational transfers can eliminate the child labor equilibrium and that this intervention is Pareto improving. However, if socie...

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Veröffentlicht in:	Economic inquiry 2007-07, Vol.45 (3), p.453-469
Hauptverfasser:	Emerson, Patrick M, Knabb, Shawn D
Format:	Artikel
Sprache:	eng
Schlagworte:	Adults Analysis Bildung Capital markets Child labor Child labor practices Child labour Children Children & youth Confidence Consumption Developing countries Economic equilibrium Employment Equilibrium Fiscal policy Households Human capital Intergenerational relations Kinderarbeit Labor market Labour economics LDCs Overlapping-generations model Pareto optimum Society Steuerpolitik Studies Theorie Transfer Uncertainty
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