Jayachandran, Seema; Lleras-Muney, Adriana - In: The Quarterly Journal of Economics 124 (2009) 1, pp. 349-397
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,...