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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 capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014115096
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 capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014123692
system. The main findings are as follows. Firstly, the redistribution of income among individuals makes the PAYG system an …
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