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The Economics of Child Labour$
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Alessandro Cigno and Furio Camillo Rosati

Print publication date: 2005

Print ISBN-13: 9780199264452

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199264457.001.0001

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Child Labour, Education, and Saving

Child Labour, Education, and Saving

(p.29) 2 Child Labour, Education, and Saving
The Economics of Child Labour

Alessandro Cigno

Furio Camillo Rosati

Oxford University Press

Parental decisions regarding the allocation between school and work of the time of school-age children, and about the accumulation of human capital and conventional assets, are crucially affected by asset and credit market conditions, and by the marginal return to education. Child bonding, and the apparent paradox of school-age children who neither work nor attend school are explained within the same theoretical framework. The analysis is essentially positive, but provides the elements for a normative judgement.

Keywords:   bonded labour, child labour, education, fixed costs of access to work and education, intergenerational transfers

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