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Origins and Consequences of Child Labor Restrictions

其他書名	A Macroeconomic Perspective
出版	National Bureau of Economic Research, 2006
URL	http://books.google.com.hk/books?id=l1tD1hoKj3kC&hl=&source=gbs_api

註釋In this paper we investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire equilibrium may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban. Given this finding, we investigate the potential political-economic reasons behind the emergence and persistence of child-labor legislation. Our investigation is based on a structural dynamic general equilibrium model that provides a coherent and uniform framework for our analysis.