Barriers to Capital Accumulation and the Incidence of Child Labor

Richard C. Barnett and Marco Espinosa-Vega ()

DEGIT Conference Papers from DEGIT, Dynamics, Economic Growth, and International Trade

Abstract: The World Bank documents an inverse relationship between GDP per-capita and child labor participation rates. We construct a life-cycle model with human and physical capital in which parents make a time allocation choice for their child. The model considers two features that have shown potential in explaining differences in states of development across nations. These are: i) a minimum consumption requirement, and ii) barriers to physical capital accumulation. We find the introduction of capital barriers alone is not enough to replicate the aforementioned observation by the World Bank. However, we find the interplay of a minimum consumption requirement and barriers to capital may enhance our understanding of child labor, human capital, and the poverty of nations. Additionally, we find support for policies aimed at reducing capital barriers as means to reduce child labor over an out and out ban on it.

Pages: 24 pages JEL Classification:
Date: 2011-09
New Economics Papers: this item is included in nep-dem, nep-dev, nep-dge and nep-lab
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Related works:
Working Paper: Barriers to Capital Accumulation and the Incidence of Child Labor (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:deg:conpap:c016_014

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