Type | Journal Article - Journal of Macroeconomics |
Title | Child labor, idiosyncratic shocks, and social policy |
Author(s) | |
Volume | 45 |
Publication (Day/Month/Year) | 2015 |
Page numbers | 394-411 |
URL | https://halshs.archives-ouvertes.fr/halshs-00913666/document |
Abstract | In this paper, we provide a dynamic model with heterogeneous agents to study child labor in an economy with idiosyncratic shocks to employment. Households facing adverse shocks may use child labor as a buffer to smooth consumption. We show that the introduction of an unemployment insurance program and/or a universal basic income system help eliminate child labor endogenously in this context. A calibration to South Africa in the 1990s is provided. |
» | South Africa - Survey of Activities of Young People 1999 |