The politics of deferral: Denaturalizing the ‘economic value’ of children’s labor in India

2021 ◽  
pp. 001139212098586
Author(s):  
Sarada Balagopalan

Do poor people love their children less? In the case of child laborers, this seemingly straightforward question has generated a range of complex responses. This includes research within the value of children (VOC) framework with its tendency to pathologize parents by framing discussions on children’s labor within household-based economic decision-making. In a stark departure from this framework, this article, focused on India, foregrounds the key role played by post-independence development policies in naturalizing child labor. It offers the ‘politics of deferral’ as an alternate analytic to draw attention to both the incremental as well as the exclusionary logics that underlie the Indian state’s efforts to eradicate child labor through schooling. To what extent does a country like India – where state policies have largely failed to substantively separate children from labor – compel us to realign the current depoliticized, ahistorical and binary (between the economic and the sentimental) framing of children’s value privileged within VOC demographic research?

2018 ◽  
Author(s):  
Matus Adamkovic ◽  
Marcel Martončik ◽  
Ivan Ropovik

Socioeconomic status is considered to have an effect on one`s economic decision-making, inducing more myopic preferences in poor people. The relationship, however, might not be that straightforward, as economic decision-making should be also determined by financial literacy. Employing a pre-registered cross-validation procedure, we tested a structural model outlining a causal mechanism of relationships between poverty, its perception, financial literacy, and economic decision-making in terms of time-discounting and risk preferences. Even after respecifying the model in the exploratory dataset, the confirmatory analyses showed mostly weak or inconclusive relationships, suggesting that time-discounting and risk preferences are rather stable traits, almost independent of one`s long-term economic situation, its perception, and financial literacy. The results suggest that financial literacy seems not to be on a causal pathway linking economic situation and economic preferences.


Author(s):  
Elvira Silva ◽  
Spiro E. Stefanou ◽  
Alfons Oude Lansink

This chapter presents dynamic optimization for economic decision making in the context of both dynamic cost minimization and dynamic profit maximization given different primal representations of the dynamic technology. The Bellman equation of dynamic programming serves as the analytical foundation for the duality between the production technology and the economic value function. The dynamic duality relationships in the form of intertemporal versions of Hotelling’s and Shephard’s lemmas are presented. The chapter concludes with the data envelopment perspective of the dynamic decision-making framework. Allowing the data to reveal the nature of the production technology, both the input and output quantities can be used to reveal the inner bound of the technology. Alternatively, the technological information can be recovered by exploiting the dynamic cost minimization behavior using input prices and input and output quantities, to reveal the outer bound of the input requirement set.


Author(s):  
Elena Reutskaja ◽  
Johannes Pulst-Korenberg ◽  
Rosemarie Nagel ◽  
Colin F. Camerer ◽  
Antonio Rangel

2013 ◽  
Vol 44 (5) ◽  
pp. 693-700
Author(s):  
Qin WANG ◽  
Xue-Jun BAI ◽  
Long-Jian GUO ◽  
De-Li SHEN

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