EMERSON, PATRICK M.; KNABB, SHAWN D. - In: Economic Inquiry 45 (2007) 3, pp. 453-469
"This paper develops a dynamic model with overlapping generations where there are two possible equilibria: one without child labor, and one with it. It is shown that intergenerational transfers can eliminate the child labor equilibrium and that this intervention is Pareto improving. However, if...