Life Expectancy and Human Capital Investments: Evidence from Maternal Mortality Declines

  title={Life Expectancy and Human Capital Investments: Evidence from Maternal Mortality Declines},
  author={Seema Jayachandran and Adriana Lleras-Muney},
  journal={Health Economics},
Longer life expectancy should encourage human capital accumulation, since a longer time horizon increases the value of investments that pay out over time. Previous work has been unable to determine the empirical importance of this life-expectancy effect due to the difficulty of isolating it from other effects of health on education. We examine a sudden drop in maternal mortality risk in Sri Lanka between 1946 and 1953, which creates a sharp increase in life expectancy for school-age girls… 

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