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Long-term Health and Human Capital Effects of Early-Life Economic Conditions

Published: July 10, 2025 | arXiv ID: 2507.08159v1

By: Ruijun Hou , Samuel Baker , Stephanie von Hinke and more

Potential Business Impact:

Early job loss doesn't hurt adult health.

We study the long-term health and human capital impacts of local economic conditions experienced during the first 1,000 days of life. We combine historical data on monthly unemployment rates in urban England and Wales 1952-1967 with data from the UK Biobank on later-life outcomes. Leveraging variation in unemployment driven by national industry-specific shocks weighted by industry's importance in each area, we find no evidence that small, common fluctuations in local economic conditions during the early life period affect health or human capital in older age.

Page Count
44 pages

Category
Economics:
General Economics