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This paper sets out a model to examine how social norms regarding fertility influence parental choice between child labor and child's education. The parent is modeled as a “social animal” who derives utility from conformity with behavior of other members of the society. In deciding on the...
Persistent link: https://www.econbiz.de/10005711880
This paper investigates the phenomenon of child labor. I consider a society that in principle values education. Parents derive utility from social conformity, and “good” and “bad” equilibria can arise where the majority of children respectively do and do not go to school. In a “bad”...
Persistent link: https://www.econbiz.de/10008553025