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Title: Origins and Consequences of Child Labour Restrictions: A Macroeconomic Perspective

Author(s): Matthias Doepke and Dirk Krueger

Publication Date: November 2006

Keyword(s): child labour, inequality, political economy and welfare

Programme Area(s): International Macroeconomics and Public Economics

Abstract: In this paper we investigate the positive and normative consequences of child-labour 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-labour ban. Given this finding, we investigate the potential political-economic reasons behind the emergence and persistence of child-labour legislation. Our investigation is based on a structural dynamic general equilibrium model that provides a coherent and uniform framework for our analysis.

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Bibliographic Reference

Doepke, M and Krueger, D. 2006. 'Origins and Consequences of Child Labour Restrictions: A Macroeconomic Perspective'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5953