Child labor and the education of a society
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 ful...
Gespeichert in:
| Hauptverfasser: | , |
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| Dokumenttyp: | Article (Journal) Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Bonn
Institute for the Study of Labor (IZA)
2001
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| Schriftenreihe: | IZA Discussion paper series
338 |
| In: |
Discussion paper series (338)
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| Schlagworte: | |
| Online-Zugang: | Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/21196
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| Verfasserangaben: | Clive Bell; Hans Gersbach |
| Zusammenfassung: | 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. |
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| Beschreibung: | Online Resource |
| Dokumenttyp: | Systemvoraussetzungen: PDF Reader. |