The Wealth Paradox Revisited: Credit Market Imperfections and Child Labor

Heather Congdon Fors

No 323, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: We revisit the model of child labor in a peasant household presented in Bhalotra and Heady (2003), and demonstrate that the e¤ect of credit market imperfections on child labor di¤ers between households that save and households that borrow. This in turn is important for the interpretation of empirical results.

Keywords: Child labor; credit market imperfections; wealth paradox (search for similar items in EconPapers)
JEL-codes: D13 J13 J22 O12 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2008-10-23
New Economics Papers: this item is included in nep-dev
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