“…Therefore, disturbances in the initial health capital during this critical period could lead to disruptions in the pathways of later-life outcomes. For instance, studies document negative short-term and long-term consequences of in-utero and early-life exposures to income shocks, agricultural crop failure, pollution, natural disasters, stress, toxic chemicals, and nutritional shocks (Baird et al, 2016;Billings & Schnepel, 2018;Lindeboom et al, 2010;Sanders, 2012;Scholte et al, 2015;Torche, 2018;van den Berg et al, 2011). These prenatal and early life shocks can be translated into adverse health outcomes during infancy and early childhood, which in turn appear in a wide array of medium-run and long-run outcomes, including cognitive development (Aizer et al, 2016;Berthelon et al, 2021), test scores (Sanders, 2012;Shah & Steinberg, 2017), educational attainments (Almond et al, 2009;Fuller, 2014), adulthood earnings (Behrman & Rosenzweig, 2004;Black et al, 2007), health during adulthood (Maruyama & Heinesen, 2020), hospitalization during adulthood (Miller & Wherry, 2019), and later-life old-age mortality outcomes (Goodman-Bacon, 2021;van den Berg et al, 2011).…”