Krueger, Dirk; Donohue, Jessica Tjornhom - In: International Economic Review 46 (2005) 3, pp. 785-815
This article studies the effects of child labor legislation on human capital accumulation and the distribution of wealth and welfare. We calibrate our model to U.S. data circa 1880 and find that the consequences of restricting child labor or providing tax-financed education depend on the main...