| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3746 |
| DP3746 Price Dispersions in Monetary Unions: The Role of Fiscal Shocks | |
| Fabio Canova; Evi Pappa | |
| 发表日期 | 2003-02-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We develop a positive theory of the adoption of child-labour regulation, based on two key mechanisms. First, parental decisions on family size interact with their preferences for child-labour regulation. Second, the supply of child labour affects skilled and unskilled wages. If policies are endogenous, multiple steady-states with different child-labour policies can exist. The model is consistent with international evidence on the incidence of child labour. In particular, it predicts a positive correlation between child labour, fertility and inequality across countries of similar income per capita. The model also predicts that the political support for regulation should increase if a rising skill premium induces parents to choose smaller families. A calibration of the model shows that it can replicate features of the history of the UK in the 19th Century, when regulations were introduced after a period of rising wage inequality, and coincided with rapidly declining fertility and rising educational levels. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Child labour Political economy Inequality Fertility Transition Dynamic general equilibrium |
| URL | https://cepr.org/publications/dp3746 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532752 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,Evi Pappa. DP3746 Price Dispersions in Monetary Unions: The Role of Fiscal Shocks. 2003. |
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