Page 18 - Education for Development:George Psacharopoulos University of Illinois at Urbana-Champaign, USA
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                  one-third to one-half (Lochner, 2011).

                       Relative to a high school graduate, an extra year of college reduces the
                  likelihood of a low birthweight child by about 20% and pre-term birth by about
                  15%. An extra year of college reduces smoking during pregnancy by roughly

                  one- third and increases the incidence of prenatal care by 3% (Currie and
                  Moretti, 2003).
                       More educated mothers spend more time with their children than less

                  educated mothers (Kalil, Ryan, and Corey, 2010). As a result, parenting is
                  the most important determinant for children’s cognitive and non-cognitive
                  development, even among families with similar incomes (Cunha and Heckman,
                  2009, Angrist and Lavy, 1996; Murnane 1981, Edwards and Grossman 1980).

                  In addition, more educated parents have healthier children (Currie and Stabile,
                  2003; Lubotsky and Paxson 2002).

                       Increased schooling is negatively correlated with fertility resulting in fewer
                  children. The reason can be traced to a trade-off between the number of children
                  and parental investment per child that (Becker and Lewis 1973; Becker and
                  Tomes 1976).

                       Educating one member of society is associated with a series of benefits
                  that accrue not only to the educated person but also to others. Including such

                  externalities would raise the traditionally estimate social rate of return to
                  education.
                       One well documented non-market effect is that educating women reduces
                  fertility and child mortality. In Pakistan, it has been found that giving 1000

                  girls one extra year of schooling reduces fertility and child mortality rates by
                  about 8% (Summers, 1992). In Taiwan mothers with 9 vs. 6 years of education

                  resulted in saving one child life per 1000 births (Chou et al., 2010). A child born
                  to a mother who can read stands a 50% greater chance of surviving past age five
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