Credit constraints and the phenomenon of child labor

• 成果类型: Article
• 署名作者: Ranjan, P
• 署名单位: University of California System; University of California Irvine
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/S0304-3878(00)00125-5
• 发表日期: 2001
• 页码: 81-102
• 关键词: child labor; credit constraints; income inequality; trade sanctions

摘要

This paper develops an overlapping generations general equilibrium model where inefficient child labor arises due to credit constraints. It derives a positive relationship between inequality in the distribution of income and the incidence of child labor. Looking at policy implications, it shows how trade sanctions against countries using child labor may fail to reduce the incidence of child labor. It discusses some alternative policies to reduce the incidence of child labor. (C) 2001 Elsevier Science B.V. All rights reserved. JEL classification: J24; D60.