RT Journal Article SR Electronic T1 Education and Labor Market Consequences of Teenage Childbearing JF Journal of Human Resources JO J Hum Resour FD University of Wisconsin Press SP 303 OP 325 DO 10.3368/jhr.44.2.303 VO 44 IS 2 A1 Fletcher, Jason M. A1 Wolfe, Barbara L. YR 2009 UL http://jhr.uwpress.org/content/44/2/303.abstract AB The question of whether giving birth as a teenager has negative economic consequences for the mother remains controversial despite substantial research. In this paper, we build upon existing literature, especially the literature that uses the experience of teenagers who had a miscarriage as the appropriate comparison group. We show that miscarriages are not random events, but rather are likely correlated with (unobserved) community-level factors, casting some doubt on previous findings. Including community-level fixed effects in our specifications lead to important changes in our estimates. By making use of information on the timing of miscarriages as well as birth control choices preceding the teenage pregnancies we construct more relevant control groups for teenage mothers. We find evidence that teenage childbearing likely reduces the probability of receiving a high school diploma by 5 to 10 percentage points, reduces annual income as a young adult by $1,000 to $2,400, and may increase the probability of receiving cash assistance and decrease years of schooling.