Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications

Despite recent multilateral efforts to single out child labor in debt bondage as one of the worst forms of child labor, several important questions have yet to be addressed: How pervasive is the phenomenon? Are there systematic correlations between...

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Main Authors:	Basu, Arnab K., Chau, Nancy H.
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FORMAL CREDIT ACCOUNT ACCOUNTING AGRARIAN REFORMS AGRICULTURAL ECONOMICS ALTERNATIVE CREDIT BANKS BENEFICIARIES BONDED LABOR BORROWING BUDGET CONSTRAINTS CHECKS CHILD LABOR CHILD LABOUR CONSUMPTION SMOOTHING CORE LABOR STANDARDS COST OF LOANS CREDIT ACCESS CREDIT AGENCIES CREDIT AGENCY CREDIT INCREASES CREDIT MARKET CREDIT MARKETS CREDIT POLICY CREDIT PROGRAM CREDIT RATIONING CREDIT SOURCE CREDIT SOURCES DEBT DEBT OBLIGATIONS DEBT REPAYMENT DEBT REPAYMENTS DEBTOR DEBTS DEMAND FOR CREDIT DEMOCRACY DEPOSIT DEPOSIT MONEY BANKS DEVELOPMENT ECONOMICS DISPOSABLE INCOME DUMMY VARIABLES EARNINGS ECONOMIC ACTIVITY ECONOMIC CHARACTERISTICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC THEORY ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXPENDITURES EXPLOITATION EXPORTER EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORCED LABOUR GROSS DOMESTIC PRODUCT HAZARDOUS LABOR HOUSEHOLD DEBT HOUSEHOLD DEBTS HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HUMAN RIGHTS ID IMPLICIT INTEREST INCIDENCE OF DEBT INCOME INCOME LEVEL INCOME SHOCKS INCOME VARIABILITY INDEBTED HOUSEHOLDS INEQUALITY INFORMAL CREDIT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL LABOR STANDARDS INTERNATIONAL TRADE LABOR LAWS LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR STANDARD LABOR SUPPLY LABORERS LACK OF ACCESS LAWS LEGISLATION LIQUIDATION LOAN LOAN PAYMENTS LOAN REPAYMENT MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEVELOPMENT MARKET RETURNS MONEYLENDERS OPPORTUNITY COST OUTSTANDING DEBT OUTSTANDING DEBTS OUTSTANDING LOANS PARTICIPATION CONSTRAINT POLITICAL ECONOMY PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT RELATIONSHIP PRIVATE CREDIT PRODUCTIVITY REAL INCOME RISK OF DEFAULT RURAL LABOR SAVINGS SLAVERY SMALL BUSINESS SMALL BUSINESS LOANS SOCIAL EXCLUSION SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF CREDITS SPOT MARKET TRADE LAWS UNION UNIONS USURY WAGES
Online Access:	http://documents.worldbank.org/curated/en/2003/05/17742203/targeting-child-labor-debt-bondage-evidence-theory-policy-implications http://hdl.handle.net/10986/17175

id	okr-10986-17175
recordtype	oai_dc
spelling	okr-10986-171752021-04-23T14:03:29Z Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications Basu, Arnab K. Chau, Nancy H. ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FORMAL CREDIT ACCOUNT ACCOUNTING AGRARIAN REFORMS AGRICULTURAL ECONOMICS ALTERNATIVE CREDIT BANKS BENEFICIARIES BONDED LABOR BORROWING BUDGET CONSTRAINTS CHECKS CHILD LABOR CHILD LABOUR CONSUMPTION SMOOTHING CORE LABOR STANDARDS COST OF LOANS CREDIT ACCESS CREDIT AGENCIES CREDIT AGENCY CREDIT INCREASES CREDIT MARKET CREDIT MARKETS CREDIT POLICY CREDIT PROGRAM CREDIT RATIONING CREDIT SOURCE CREDIT SOURCES DEBT DEBT OBLIGATIONS DEBT REPAYMENT DEBT REPAYMENTS DEBTOR DEBTS DEMAND FOR CREDIT DEMOCRACY DEPOSIT DEPOSIT MONEY BANKS DEVELOPMENT ECONOMICS DISPOSABLE INCOME DUMMY VARIABLES EARNINGS ECONOMIC ACTIVITY ECONOMIC CHARACTERISTICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC THEORY ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXPENDITURES EXPLOITATION EXPORTER EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORCED LABOUR GROSS DOMESTIC PRODUCT HAZARDOUS LABOR HOUSEHOLD DEBT HOUSEHOLD DEBTS HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HUMAN RIGHTS ID IMPLICIT INTEREST INCIDENCE OF DEBT INCOME INCOME LEVEL INCOME SHOCKS INCOME VARIABILITY INDEBTED HOUSEHOLDS INEQUALITY INFORMAL CREDIT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL LABOR STANDARDS INTERNATIONAL TRADE LABOR LAWS LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR STANDARD LABOR SUPPLY LABORERS LACK OF ACCESS LAWS LEGISLATION LIQUIDATION LOAN LOAN PAYMENTS LOAN REPAYMENT MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEVELOPMENT MARKET RETURNS MONEYLENDERS OPPORTUNITY COST OUTSTANDING DEBT OUTSTANDING DEBTS OUTSTANDING LOANS PARTICIPATION CONSTRAINT POLITICAL ECONOMY PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT RELATIONSHIP PRIVATE CREDIT PRODUCTIVITY REAL INCOME RISK OF DEFAULT RURAL LABOR SAVINGS SLAVERY SMALL BUSINESS SMALL BUSINESS LOANS SOCIAL EXCLUSION SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF CREDITS SPOT MARKET TRADE LAWS UNION UNIONS USURY WAGES Despite recent multilateral efforts to single out child labor in debt bondage as one of the worst forms of child labor, several important questions have yet to be addressed: How pervasive is the phenomenon? Are there systematic correlations between the incidence of children in debt bondage and the economic, legislative, and financial development indicators of the economy? How does an understanding of these correlates affect the way national and international policy measures aimed at targeting this form of child labor are perceived? This article addresses each of these questions. The empirical findings suggest strong correlation between the likelihood of the incidence of child labor in debt bondage with the stage of development of an economy, the stage of financial development, and enforcement of core labor rights. Building on this evidence, the article presents a theoretical model that highlights the drawbacks and merits of a number of policies aimed at putting checks on child labor in debt bondage. 2014-02-26T17:47:30Z 2014-02-26T17:47:30Z 2003-05 Journal Article http://documents.worldbank.org/curated/en/2003/05/17742203/targeting-child-labor-debt-bondage-evidence-theory-policy-implications World Bank Economic Review http://hdl.handle.net/10986/17175 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FORMAL CREDIT ACCOUNT ACCOUNTING AGRARIAN REFORMS AGRICULTURAL ECONOMICS ALTERNATIVE CREDIT BANKS BENEFICIARIES BONDED LABOR BORROWING BUDGET CONSTRAINTS CHECKS CHILD LABOR CHILD LABOUR CONSUMPTION SMOOTHING CORE LABOR STANDARDS COST OF LOANS CREDIT ACCESS CREDIT AGENCIES CREDIT AGENCY CREDIT INCREASES CREDIT MARKET CREDIT MARKETS CREDIT POLICY CREDIT PROGRAM CREDIT RATIONING CREDIT SOURCE CREDIT SOURCES DEBT DEBT OBLIGATIONS DEBT REPAYMENT DEBT REPAYMENTS DEBTOR DEBTS DEMAND FOR CREDIT DEMOCRACY DEPOSIT DEPOSIT MONEY BANKS DEVELOPMENT ECONOMICS DISPOSABLE INCOME DUMMY VARIABLES EARNINGS ECONOMIC ACTIVITY ECONOMIC CHARACTERISTICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC THEORY ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXPENDITURES EXPLOITATION EXPORTER EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORCED LABOUR GROSS DOMESTIC PRODUCT HAZARDOUS LABOR HOUSEHOLD DEBT HOUSEHOLD DEBTS HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HUMAN RIGHTS ID IMPLICIT INTEREST INCIDENCE OF DEBT INCOME INCOME LEVEL INCOME SHOCKS INCOME VARIABILITY INDEBTED HOUSEHOLDS INEQUALITY INFORMAL CREDIT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL LABOR STANDARDS INTERNATIONAL TRADE LABOR LAWS LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR STANDARD LABOR SUPPLY LABORERS LACK OF ACCESS LAWS LEGISLATION LIQUIDATION LOAN LOAN PAYMENTS LOAN REPAYMENT MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEVELOPMENT MARKET RETURNS MONEYLENDERS OPPORTUNITY COST OUTSTANDING DEBT OUTSTANDING DEBTS OUTSTANDING LOANS PARTICIPATION CONSTRAINT POLITICAL ECONOMY PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT RELATIONSHIP PRIVATE CREDIT PRODUCTIVITY REAL INCOME RISK OF DEFAULT RURAL LABOR SAVINGS SLAVERY SMALL BUSINESS SMALL BUSINESS LOANS SOCIAL EXCLUSION SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF CREDITS SPOT MARKET TRADE LAWS UNION UNIONS USURY WAGES
spellingShingle	ABSENCE OF CREDIT ACCESS TO CREDIT ACCESS TO FORMAL CREDIT ACCOUNT ACCOUNTING AGRARIAN REFORMS AGRICULTURAL ECONOMICS ALTERNATIVE CREDIT BANKS BENEFICIARIES BONDED LABOR BORROWING BUDGET CONSTRAINTS CHECKS CHILD LABOR CHILD LABOUR CONSUMPTION SMOOTHING CORE LABOR STANDARDS COST OF LOANS CREDIT ACCESS CREDIT AGENCIES CREDIT AGENCY CREDIT INCREASES CREDIT MARKET CREDIT MARKETS CREDIT POLICY CREDIT PROGRAM CREDIT RATIONING CREDIT SOURCE CREDIT SOURCES DEBT DEBT OBLIGATIONS DEBT REPAYMENT DEBT REPAYMENTS DEBTOR DEBTS DEMAND FOR CREDIT DEMOCRACY DEPOSIT DEPOSIT MONEY BANKS DEVELOPMENT ECONOMICS DISPOSABLE INCOME DUMMY VARIABLES EARNINGS ECONOMIC ACTIVITY ECONOMIC CHARACTERISTICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC THEORY ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXPENDITURES EXPLOITATION EXPORTER EXPORTERS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORCED LABOUR GROSS DOMESTIC PRODUCT HAZARDOUS LABOR HOUSEHOLD DEBT HOUSEHOLD DEBTS HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WELFARE HUMAN RIGHTS ID IMPLICIT INTEREST INCIDENCE OF DEBT INCOME INCOME LEVEL INCOME SHOCKS INCOME VARIABILITY INDEBTED HOUSEHOLDS INEQUALITY INFORMAL CREDIT INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL LABOR STANDARDS INTERNATIONAL TRADE LABOR LAWS LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR STANDARD LABOR SUPPLY LABORERS LACK OF ACCESS LAWS LEGISLATION LIQUIDATION LOAN LOAN PAYMENTS LOAN REPAYMENT MACROECONOMIC VARIABLES MARKET CONDITIONS MARKET DEVELOPMENT MARKET RETURNS MONEYLENDERS OPPORTUNITY COST OUTSTANDING DEBT OUTSTANDING DEBTS OUTSTANDING LOANS PARTICIPATION CONSTRAINT POLITICAL ECONOMY PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT RELATIONSHIP PRIVATE CREDIT PRODUCTIVITY REAL INCOME RISK OF DEFAULT RURAL LABOR SAVINGS SLAVERY SMALL BUSINESS SMALL BUSINESS LOANS SOCIAL EXCLUSION SOURCE OF CREDIT SOURCES OF CREDIT SOURCES OF CREDITS SPOT MARKET TRADE LAWS UNION UNIONS USURY WAGES Basu, Arnab K. Chau, Nancy H. Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
description	Despite recent multilateral efforts to single out child labor in debt bondage as one of the worst forms of child labor, several important questions have yet to be addressed: How pervasive is the phenomenon? Are there systematic correlations between the incidence of children in debt bondage and the economic, legislative, and financial development indicators of the economy? How does an understanding of these correlates affect the way national and international policy measures aimed at targeting this form of child labor are perceived? This article addresses each of these questions. The empirical findings suggest strong correlation between the likelihood of the incidence of child labor in debt bondage with the stage of development of an economy, the stage of financial development, and enforcement of core labor rights. Building on this evidence, the article presents a theoretical model that highlights the drawbacks and merits of a number of policies aimed at putting checks on child labor in debt bondage.
format	Journal Article
author	Basu, Arnab K. Chau, Nancy H.
author_facet	Basu, Arnab K. Chau, Nancy H.
author_sort	Basu, Arnab K.
title	Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
title_short	Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
title_full	Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
title_fullStr	Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
title_full_unstemmed	Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications
title_sort	targeting child labor in debt bondage : evidence, theory, and policy implications
publisher	Washington, DC: World Bank
publishDate	2014
url	http://documents.worldbank.org/curated/en/2003/05/17742203/targeting-child-labor-debt-bondage-evidence-theory-policy-implications http://hdl.handle.net/10986/17175
_version_	1764433219559620608

Targeting Child Labor in Debt Bondage : Evidence, Theory, and Policy Implications

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