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We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
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farm-nonfarm occupational dualism and provides a comparative analysis of rural China and rural India. The model builds a … India faced lower educational mobility compared with the sons in rural China in the 1970s to 1990s. To understand the role … genetic correlations in China, but not in India. Fathers' nonfarm occupation and education were complementary in determining a …
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farm-nonfarm occupational dualism and provides a comparative analysis of rural China and rural India. The model builds a … India faced lower educational mobility compared with the sons in rural China in the 1970s to 1990s. To understand the role … solely to genetic correlations in China, but not in India. Father's nonfarm occupation was complementary to his education in …
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