The Luxury Axiom, the Wealth Paradox, and Child Labor
نویسنده
چکیده
Basu and Van (1998) present a fundamental framework of child labor with two important axioms: the luxury axiom and the substitution axiom. A number of empirical studies, however, reveal a “wealth paradox”. The current paper has two aims. First, it develops a model that provides an explanation for “the wealth paradox” in light of the luxury axiom and the substitution axiom. Second, it helps understand the relationship between the luxury axiom and the substitution axiom.
منابع مشابه
Gender and the Factors Affecting Child Labor in Iran: an Application of IV-TOBIT Model
In this paper we first intend to examine the probability of falling into the realm of child labor by using conditional probability theorem. Furthermore, we will compare the extent of each factor’s effect on boys and girls using a TOBIT regression model. Finally we will analyze aspects of Iran’s labor market to assess the future ahead of the children who work at present. As the results will show...
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