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*We thank Jagdish Bhagwati, David Dollar, and Alan Krueger for helpful conversations, Kathleen Beegle, Maria Solededad Martinez Peria, Antonio Spilimbergo and seminar participants at the World Bank and the Inter-American Development Bank for useful comments, and Sergio Kurlat for excellent research assistance. All errors are our own. Dehejia thanks the National Bureau of Economic Research and the Industrial Relations Section, Princeton University, for their kind hospitality. The opinions expressed here do not necessarily represent those of the World Bank or its member countries. Address correspondence to rd247@columbia. edu.

Child Labor: The Role of Income Variability and Access to Credit Across Countries