Regional Returns to Education, Child Labour and Schooling in India
研究发现印度地区小学教育回报越高，10-14岁儿童入学率越高、童工率越低，但这一关系仅适用于收入前60%的家庭，贫困家庭因流动性约束无法响应教育收益。
Abstract We offer evidence from India that higher regional returns to primary education not only increase the likelihood that boys and girls attend school but also decrease the likelihood that they work. These relationships hold only for the top three quintiles of the income distribution and mostly for children in the age group 10–14 years. The former result suggests that liquidity constraints may not allow poorer households to respond to the economic benefits of education. Policies that raise the economic benefits of education may increase human capital investments in households that do not rely on their children's incomes for survival. However, low schooling and high child labour will persist among credit constrained families unless these households are provided with the economic ability to respond to these benefits.