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Book Cover
E-book
Author Espinosa-Vega, Marco

Title Barriers to Capital Accumulation and the Incidence of Child Labor
Published Washington : International Monetary Fund, 2005

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Description 1 online resource (23 pages)
Series IMF Working Papers
IMF Working Papers
Contents Contents -- I. INTRODUCTION -- II. THE MODEL -- III. PROPERTIES OF THE STEADY STATE -- IV. SOME ILLUSTRATIVE EXAMPLES -- V. CONCLUSIONS -- PROOFS AND OTHER DERIVATIONS -- References
Summary The World Bank documents an inverse relationship between GDP per capita and child labor participation rates. We construct a life-cycle model with human and physical capital in which parents make a time allocation choice for their child. The model considers two features that have shown potential in explaining differences in states of development across nations. These are a minimum consumption requirement, and barriers to physical capital accumulation. We find the introduction of capital barriers alone is not enough to replicate the aforementioned observation by the World Bank. However, we find the interplay of a minimum consumption requirement and barriers to capital may enhance our understanding of child labor and the poverty of nations. Additionally, we find support for policies aimed at reducing capital barriers as a means to reduce child labor
Notes English
Print version record
Form Electronic book
Author Barnett, Richard C
ISBN 1462306438
9781462306435
1452786488
9781452786483
1283036967
9781283036962
9786613823281
6613823287
1451907753
9781451907759
Other Titles IMF Working Papers