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In: Journal of Financial Stability, Elsevier, vol. 89, no. 102783, October 2023.
SSRN
In: IMF Working Paper No. 19/166
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Working paper
In: Globalization and Monetary Policy Institute Working Paper No. 336
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Working paper
In: Bounded Rational Choice Behaviour: Applications in Transport, p. 1-30
In: European Journal of Political Economy, Volume 28, Issue 3, p. 358-372
In: European Journal of Political Economy, Forthcoming
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In: TILEC Discussion Paper No. 2008-040
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Working paper
In: CentER Discussion Paper Series No. 2009-10
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Working paper
In: Mathematical social sciences, Volume 54, Issue 1, p. 71-89
In: Journal of economic dynamics & control, Volume 29, Issue 4, p. 595-600
ISSN: 0165-1889
In: Revista de economia política: Brazilian journal of political economy, Volume 29, Issue 3, p. 54-70
ISSN: 1809-4538
In: Theory and decision: an international journal for multidisciplinary advances in decision science, Volume 77, Issue 2, p. 183-196
ISSN: 1573-7187
In: The Canadian journal of economics: the journal of the Canadian Economics Association = Revue canadienne d'économique, Volume 46, Issue 3, p. 900-927
ISSN: 1540-5982
AbstractThis paper develops a model with overlapping generations, where the household's optimal fertility, child labour, and education decisions depend on the parents' expectations or beliefs about the return to education. It is shown that there exists a range of parental income where the fertility rate is high and children participate in the labour market and receive an incomplete education if a parent believes the return to education is low. The act of participating in the labour market reduces the child's ability to accumulate human capital; thus, the action of sending a child into the labour market is sufficient to ensure that the parents' initially pessimistic expectations are fulfilled. It is then shown that a one‐time policy intervention, such as banning child labour and mandatory education, can be enough to move a country from the positive child labour equilibrium to an equilibrium with no child labour.
In: Canadian Journal of Economics/Revue canadienne d'économique, Volume 46, Issue 3, p. 900-927
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In: The Canadian journal of economics: Revue canadienne d'économique, Volume 46, Issue 3, p. 900-927
ISSN: 0008-4085