•Age-earnings (wage rate) profile is higher among those who completed high school compared to those who did not

•Early childbearing reduces age-earnings (wage rate) profile

•Discounted lifetime cash earnings foregone of cohort of teens age 18-19 resulting from early childbearing is P27 billion in 2012. This is equivalent to one percent of GDP in 2012

•This lifetime foregone earnings as a percent of GDP is comparable to US and China (UNFPA 2013; Chaabanand Cunningham 2011)