language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare … function. I first show that under the standard dynastic social welfare function, which is commonly applied to intergenerational … models, child labor is never exploitative. In contrast, under an inclusive welfare function, which places additional weight …

feature of the main welfare scheme in France (Revenu Minimum d'Insertion, RMI), namely that childless adults under age 25 are …

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … working hours decrease with the minimum wage rate, while their welfare may increase. …

local language are very high, but imported skills have zero (conditional) return. Furthermore, the welfare gain from the …

I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor …. In this case, increases in aggregate productivity result in a reduction in welfare. For example, this may occur when …