Child Labor : The Role of Income Variability and Access to Credit in a Cross-Section of Countries
Even though access to credit is central
to child labor theoretically, little work has been done to
assess its importance empirically. Dehejia and Gatti examine
the link between access to credit and child labor at a
cross-country level. The authors measure child labor as a
country aggregate, and proxy credit constraints by the level
of financial market development. These two variables display
a strong negative (unconditional) relationship. The authors
show that even after they control for a wide range of
variables-including GDP per capita, urbanization, initial
child labor, schooling, fertility, legal institutions,
inequality, and openness-this relationship remains strong
and statistically significant. Moreover, they find that, in
the absence of developed financial markets, households
resort to child labor to cope with income variability. This
evidence suggests that policies aimed at increasing
households' access to credit could be effective in
reducing child labor.
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Bibliographic Details
| Main Authors: |
Dehejia, Rajeev H.,
Gatti, Roberta |
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| Format: | Policy Research Working Paper
biblioteca
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2002-01
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| Subjects: | CHILD LABOR,
CHILD LABOR LAWS,
DEVELOPED COUNTRIES,
DEVELOPMENT INDICATORS,
ECONOMIC ACTIVITY,
ECONOMIC REVIEW,
EMPIRICAL ANALYSIS,
EMPIRICAL STUDIES,
EMPLOYMENT,
FINANCIAL MARKETS,
HUMAN DEVELOPMENT,
IMPORTS,
INCOME,
INCOME INEQUALITY,
INFORMAL SECTOR,
INSURANCE,
INVESTIGATION,
LABOR FORCE,
LEGAL SYSTEMS,
LEGISLATION,
LEISURE,
MACROECONOMICS,
PARENTS,
POLICY RESEARCH,
POLITICAL ECONOMY,
POLLUTION,
POVERTY ALLEVIATION,
PRIVATE SECTOR,
SAVINGS,
SCHOOL ATTENDANCE,
WAGES CHILD LABOR,
INCOME VARIABILITY,
ACCESS TO CREDIT,
HOUSEHOLD INCOME,
CROSS-COUNTRY EXPERIENCE,
CAPITAL MARKETS,
GROSS DOMESTIC PRODUCT,
URBANIZATION,
SCHOOLING,
FERTILITY RATES,
LEGAL FRAMEWORK,
LIBERALIZATION, |
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| Online Access: | http://documents.worldbank.org/curated/en/2002/01/1687160/child-labor-role-income-variability-access-credit-cross-section-countries
http://hdl.handle.net/10986/15753
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