Child labor (CL) has been a major concern for the developing world, especially for India with its goal towards 'inclusive growth'. However, impact (or vulnerabilities) of major domestic or external spillovers (policy related or recessionary shocks) on child labor market, in contrary to other...

We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...

We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle income...

This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth. -- Fertility ; Lock-in...