This paper deals with concepts of multidimensional poverty measurement and applies them to Germany. Three concepts of poverty are examined and included into one multidimensional approach: economic well being, capability and social exclusion. The empirical application relies on indices introduced...

We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....