Abstract
This paper analyses child labor and children's human capital formation in response to the changes of the relative wage/productivity between child labor and adult labor. It implies that because children's labor market participation raises the financial resources spent on their education, a small increase in child labor may enhance children's human capital. It also shows that in a poor economy, the laws that punish or partially deter child labor may result in children working more and accumulating less human capital.
Original language | English |
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Pages (from-to) | 687-700 |
Number of pages | 14 |
Journal | Oxford Economic Papers |
Volume | 56 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Oct 2004 |