Relative wage, child labor, and human capital
Oxford Economic Papers
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.
Copyright © Oxford University Press 2004
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Fan, C. S. (2004). Relative wage, child labor, and human capital. Oxford Economic Papers, 56(4), 687-700. doi: 10.1093/oep/gpf056