944 resultados para Child labor


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One way to measure the lower steady state equilibrium outcome in human capital development is the incidence of child labor in most of the developing countries. With the help of Indian household level data in an overlapping generation framework, we show that production loans under credit rationing are not optimally extended towards firms because of issues with adverse selection. More stringent rationing in the credit market creates a distortion in the labor market by increasing adult wage rate and the demand for child labor. Lower availability of funds under stringent rationing coupled with increased demand for loans induces the high risk firms to replace adult labor by child labor. A switch of regime from credit rationing to revelation regime can clear such imperfections in the labor market. The equilibrium higher wage rate elevates the household consumption to a significantly higher level than the subsistence under credit rationing and therefore higher level of human capital development is assured leading to no supply of child labor.

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by Mabel Brown Ellis.

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by Owen R. Lovejoy.

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Reproduced from type-written copy.

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Mode of access: Internet.

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Shipping list no.: 90-604-P.

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Mode of access: Internet.

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Mode of access: Internet.

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Includes Rules and regulations relating to the administration and enforcement of the Illinois Child Labor Law, and the Street Trade Law.

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"Senate Bill no. 4571"

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Includes bibliographical references.

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"Tuesday, August 10, 1999."