We revisit the model of child labor in a peasant household presented in Bhalotra and Heady (2003), and demonstrate that the e¤ect of credit market imperfections on child labor di¤ers between households that save and households that borrow. This in turn is important for the interpretation of...

In recent years, a growing number of authors have turned their atten- tion to the question of why children work. The purpose of this paper is to review some of the more recent theoretical and empirical research into the topic of child labor, and to illustrate the fact that no one factor on its...