Theoretical study on human capital accumulation and economic development

2014 Fiscal Year Final Research Report

• Project/Area Number: 25780197
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Public finance/Public economy
• Research Institution: Kyushu International University
• Principal Investigator: MATSUO Miki 九州国際大学, 経済学部, 准教授 (50437282)
• Project Period (FY): 2013-04-01 – 2015-03-31
• Keywords: 児童労働 / 貧困の罠 / 人的資本 / 経済発展

Outline of Final Research Achievements

In this study, we theoretically analyzed policies on the elimination of child labor. First, assuming non-homothetic preferences, we have presented a model that generates poverty trap, when education is luxury goods for household. Secondly, under the framework, we examined some policies such as a ban of child labor and subsidy for education in order to escape the poverty trap. Our main finding is that policies of a ban of child labor and subsidies for educational expenditure adversely increase child labor and disturb the accumulation of human capital owing to the strong income effect, although these policies are effective after the economy gets on to the development. We presented the results of this research in the international conferences.

Free Research Field

マクロ経済学