We seek to estimate the effects of breastfeeding on the present value of future earnings increases resulting from IQ increases. Using new estimates of the effect of cognitive performance on lifetime earnings in the United States, based on the National Longitudinal Survey of Youth, developed by Lin, Lutter, and Ruhm (2016) and new baseline estimates of the present value of lifetime earnings following methods of Grosse et al. (2002), we find that the expected value of increases in the present value of lifetime earnings from breastfeeding is about $20,000, assuming a 3 percent discount rate, with a 95 percent confidence interval from $2,900 to $38,700. If half of all US infants born each year were better breastfed, we estimate the total increase in the present value of future earnings to be $40 billion annually.
Fellow and Director, Carbon Pricing Initiative
Explainer — Oct 29, 2019
Introducing the VALUABLES Consortium Impact Assessment Framework
How can the societal benefits of information like satellite data be measured?
Press Release — Oct 29, 2019
New Episode of Resources Radio: "Saving the Snow: A Conversation with Minnesota Senator Tina Smith on Climate Policy"
US Senator Tina Smith shares insights on climate policy and the energy legislation that she has recently introduced.
Saving the Snow: A Conversation with Minnesota Senator Tina Smith on Climate Policy
United States Senator Tina Smith discusses climate policy, its importance to both Minnesota and the nation, the ways in which the conversation around climate policy is changing, and the energy legislation that she has recently introduced.