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Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective / Matthias Doepke, Dirk Krueger.
- Format:
- Book
- Author/Creator:
- Doepke, Matthias.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12665.
- NBER working paper series no. w12665
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Origins and Consequences of Child Labor Restrictions
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2006.
- Summary:
- 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.
- Notes:
- Print version record
- November 2006.
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