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Life expectancy and human capital investments: Evidence from maternal mortality declines
Jayachandran, Seema ; Lleras-Muney, Adriana
The Quarterly journal of economics, 2009-02, Vol.124 (1), p.349-397
[Peer Reviewed Journal]
Oxford: MIT Press
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Title:
Life expectancy and human capital investments: Evidence from maternal mortality declines
Author:
Jayachandran, Seema
;
Lleras-Muney, Adriana
Subjects:
Age specific mortality rates
;
Bildungsinvestition
;
Capital investments
;
Childbirth
;
Death
;
Economic theory
;
Education
;
Human capital
;
Investition
;
Life expectancy
;
Literacy
;
Malaria
;
Maternal mortality
;
Maternal mortality rates
;
Mortality
;
Mutter
;
Mädchen
;
Sri Lanka
;
Sterblichkeit
;
Studies
;
Women
Is Part Of:
The Quarterly journal of economics, 2009-02, Vol.124 (1), p.349-397
Notes:
istex:AB4FA1704D06C83478D9350834DC072940513B7D
ark:/67375/HXZ-TSJ8PCZ7-1
We are grateful to Ran Abramitzky, Angus Deaton, Ilyana Kuziemko, Ofer Malamud, Jordan Matsudaira, Ben Olken; seminar participants at Berkeley, Bocconi, Brown, City University of New York, Cornell, Dartmouth, Duke, Harris School, Harvard-Boston University-MIT, Minnesota, NBER Summer Institute, Notre Dame, Penn, Princeton, Stanford, Stockholm/IIES, SUNY Buffalo, UCL/LSE, University of Chicago, University of Illinois, Champaign-Urbana, UCLA, University of Maryland, and USC; and four anonymous referees and the editor for helpful comments. jayachan@stanford.edu; alleras@econ.ucla.edu.
Description:
Theory suggests that longer life expectancy encourages educational investment because a longer time horizon increases the value of investments that pay out over time. To estimate the magnitude of this effect, we examine a sudden drop in maternal mortality in Sri Lanka between 1946 and 1953, which sharply increased the life expectancy of girls. We assess whether girls' education relative to boys' increases more in areas with larger maternal mortality declines. We find that for every extra year of life expectancy, literacy increases by 0.7 percentage points (2%) and years of education increase by 0.11 years (3%).
Publisher:
Oxford: MIT Press
Language:
English
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