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This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early … stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per …, thereby inducing parents to substitute child education for child labor and reduce fertility. The economy takes-off to a …
Persistent link: https://www.econbiz.de/10005062425
We present a model in which the social norms regarding women’s labor force participation (LFP) differ from the norms concerning men’s. Assuming that these norms depend on past rates of women LFP creates a gradual increase in women LFP.
Persistent link: https://www.econbiz.de/10005556837
This article challenges conventional wisdom by arguing that greater longevity cannot explain the significant accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children's future income proportionally at all levels of education,...
Persistent link: https://www.econbiz.de/10005125680