A Note on Multiple General Equilibria with Child Labour

Kaushik Basu

No 78, Working Papers from Institute for Social and Economic Change, Bangalore

Abstract: It has been conjectured, using partial equilibrium analysis, that the market for child labour is likely to exhibit multiple equilibria, with children working in some but not in others. Such a result has important policy implications, especially concerning the use of a legislative ban on child labour. This paper shows that the multiple equilibrium result holds in a formal general equilibrium model. The paper develops the concept of a 'wage bill curve' and shows how this is a useful tool for studying the relation between household preference and multiple equilibria. It also clarifies the kind of welfare criteria needed to justify a legislative ban on child labour.

Keywords: Child; Labour (search for similar items in EconPapers)
Pages: 15 pages
Date: 2000
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Journal Article: A note on multiple general equilibria with child labor (2002)
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