Alessandro Cigno and Furio Camillo Rosati

in The Economics of Child Labour

Published in print July 2005 | ISBN: 9780199264452
Published online July 2005 | e-ISBN: 9780191602511 | DOI:

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Contains the building blocks of the subsequent theoretical analysis. Kaushik Basu’s model of the market for adult-equivalent labour explains child labour essentially as a consequence of binding subsistence requirements. Gary Becker’s dynastic model explains fertility decisions, and transfers from parents to children, as a consequence of altruism. The present authors explain fertility decisions, and transfers between parents and children, with the possible existence of self-enforcing family constitutions. In all three models, child labour (transfers to children) can be inefficiently high (low).

Keywords: altruism; child labour; fertility; intergenerational transfers; self-enforcing family constitutions

Chapter.  10070 words.  Illustrated.

Subjects: Public Economics

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