Child Labour, Fertility, and Economic Growth
研究童工、生育率和人力资本在发展过程中的演变，早期经济陷入发展陷阱，技术进步通过提高工资差距促使父母减少生育并让子女接受教育，最终实现无童工、低生育的稳态增长。
This paper explores the evolution of child labour, fertility and human capital in the process of development. In early stages of development, the economy is in a development trap where child labour is abundant, fertility is high and output per capita is low. Technological progress, however, gradually increases the wage differential between parental and child labour, thereby inducing parents to substitute child education for child labour and reduce fertility. The economy takes off to a sustained growth steady‐state equilibrium where child labour is abolished and fertility is low. Prohibition of child labour expedites the transition process and generates a Pareto dominating outcome.