This is an excerpt from an article on the page of Dr Dettwyler (Professor of Anthropology and Nutrition) www.prairienet.org/laleche/dettwyler.html
A Natural Age of Weaning
by Katherine Dettwyler, PhD
In terms of the benefits of extended breastfeeding, there have been a number of studies comparing breastfed and bottlefed babies in terms of the frequency of various diseases, and also IQ achievement. In every case, the breastfed babies had lower risk of disease and higher IQs than the bottle-fed babies. In those studies that divided breastfed babies into categories based on length of breastfeeding, the babies breastfed the longest did better in terms of both lower disease and higher IQ. In other words, if the categories were 0-6 months of breastfeeding, 6-12 months, 12-18 months and 18-24+ months, then the 18-24+ month babies did the best, and the 12-18 month babies did the next best, and the 6-12 months babies did the next best, and the 0-6 months babies did the worst of the breastfed groups, but still much better than the bottlefeeding group. This has been shown for gastrointestinal illness, upper respiratory illness, multiple sclerosis, diabetes, heart disease, and on and on and on. Likewise, the babies nursed the longest scored the highest on the IQ tests. One important point to notice is that none of these studies looked at children who had nursed longer than 2 years. Anyone 18-24 month or longer was lumped into big category. Presumably, the benefits continue to accrue, as your body doesn't know that the baby has bad a birth day and suddenly start producing nutritionally and immunologically worthless milk.
However, no one has yet proved, either way, that the benefits of breastfeeding either continue or stop at two years of age, because the appropriate studies have not been done. The trend during the first two years is clearly for continuing benefits the longer you nurse. Clearly the phenomenon of dimishing returns is at work here -- the first six months of breastfeeding are clearly much more important in terms of the baby's nutrition and immunological development than the six months from 3.5 to 4.0 years. That doesn't mean that you shouldn't continue to provide breast milk if your baby wants and you don't mind.
Clearly, babies born in the U.S. don't have to contend with all the diseases and parasites and contaminated water that babies in Third World countries do. We have more supplementary foods that we can generally trust to be safe and clean. We can get our children immunized, and get them antibiotics for infections when necessary. The fact that we can does not mean that breastfeeding is unimportant. Breastfed babies still have the "edge" over bottlefed babies, even in a squeaky clean environment with wonderful medical care. They get sick less often, they are smarter, they are happier. Another important consideration for the older child is that they are able to maintain their emotional attachment to a person, rather than being forced to switch to an inanimate object such as a teddy bear or blanket. I think this sets the stage for a life of people-orientation, rather than materialism, and I think that is a good thing. I also can't imagine living through the toddler years without that close loving connection to a child going through enormous changes, some of which are very frustrating to the child.