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Wage Determination of a Child Worker: A Theoretical Analysis
Author(s) -
Gupta Manash Ranjan
Publication year - 2000
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/1467-9361.00090
Subject(s) - guardian , economics , wage , consumption (sociology) , wage bargaining , labour economics , bargaining problem , microeconomics , macroeconomics , sociology , social science
A theory of wage determination of a child worker is presented using the consumption efficiency hypothesis and the Nash bargaining technique. The employer and the guardian of the child play the bargaining game. The model shows some interesting results regarding the split of the wage between the consumption of the child and the income of the guardian.