Child labor and the education of a society

• Verfasst von: Bell, Clive
• Verfasst von: Gersbach, Hans
• Titel: Child labor and the education of a society
• Verf.angabe: Clive Bell; Hans Gersbach
• Verlagsort: Bonn
• Verlag: Institute for the Study of Labor (IZA)
• Jahr: 2001
• Umfang: Online-Ressource ([1], 36, 6 S.)
• Illustrationen: graph. Darst.
• Gesamttitel/Reihe: IZA Discussion paper series ; 338
• ComputerInfo: Systemvoraussetzungen: PDF Reader.
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe: Bell, Clive, 1943 - : Child labor and the education of a society. - Bonn : IZA, 2001. - 36, 6 S
• Sach-SW: Child labor
• Sach-SW: growth and inequality
• Sach-SW: education
• Sach-SW: human capital
• Sach-SW: redistributive policies
• Sach-SW: poverty traps
• Form-SW: Graue Literatur
• Form-SW: Arbeitspapier
• K10plus-PPN: 844079014

Abstract

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work full-time and no human capital accumulation takes place, with continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap into a condition of continuous growth through a program of taxes and transfers. Temporary inequality is a necessary condition to escape in finite time, but long-run inequalities are avoidable provided sufficiently heavy, but temporary taxes can be imposed on the better-off. Programs aiming simply at high attendance rates in the present can be strongly non-optimal.