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This paper examines the effect of teenage pregnancy (early childbearing) on education and lifetime earnings using data from national surveys.
 
It finds that the discounted lifetime wage earnings foregone by a cohort of teenage women 18-19 years resulting from early childbearing is estimated between 24 billion pesos and 42 billion pesos with mean of 33 billion pesos, representing from 0.8% to 1.4% of GDP with mean of 1.1%.