This paper examines human capital investment in rural households of developing countries, where child labour is prevalent. There are two features to the model: first, children contribute in an economic sense through child labour and through old-age security. Therefore, demand for children is...

This paper examines optimal investment in children's schooling using a two-period model. Children are assumed to contribute in an economic sense through child labour when they are young and through old-age security as adults. Parents therefore face a trade-off between current and future returns...

An OLG model is developed which examines parental investment in human capital in a model incorporating human capital externalities. In developing countries, in the absence of well-developed capital markets, children are considered as forms of economic assets. Children's human capital is...

The purpose of this paper is to examine the role of financial capital markets in influencing demand for children in developing countries. As such it is also important to consider their contributions to current utility through child labour. The incorporation of this aspect provides an alternative...

There is a potential free-rider problem when several siblings consider future provision of care for their elderly parents. Siblings can commit to not providing long- term support by living far away. If location decisions are made by birth order, older siblings may enjoy a first-mover advantage....

This paper studies how having your home damaged or destroyed by a natural disaster impacts on economic and financial outcomes. Our context is Australia, where disasters are frequent. Estimates of regression models with individual, area and time fixed-effects, applied to 10 waves of data...