Title of article
A note on multiple general equilibria with child labor
Author/Authors
Kaushik Basu، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
8
From page
301
To page
308
Abstract
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.
Keywords
Wage–bill curve , Legal intervention , Multiple equilibria , Child labor
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
434877
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