A note on multiple general equilibria with child labor

被引：18
|
作者：
Basu, K [1 ]
机构：
[1] Cornell Univ, Dept Econ, Ithaca, NY 14853 USA
来源：
ECONOMICS LETTERS | 2002年 / 74卷 / 03期
关键词：
child labor; multiple equilibria; wage-bill curve; legal intervention;
D O I：
10.1016/S0165-1765(01)00567-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
It has been conjectured that the child-labor market may exhibit multiple equilibria. This paper develops the concept of a 'wage bill curve', and establishes the multiple-equilibrium result in a general-equilibrium model, thereby clarifying the circumstances where child labor should be banned. (C) 2002 Elsevier Science B.V. All rights reserved.
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页码：301 / 308
页数：8
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