1 option
Separating Uncertainty from Heterogeneity in Life Cycle Earnings / Flavio Cunha, James J. Heckman, Salvador Navarro.
- Format:
- Book
- Author/Creator:
- Cunha, Flavio.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11024.
- NBER working paper series no. w11024
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- This paper develops and applies a method for decomposing cross section variability of earnings into components that are forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of variability in returns to schooling is forecastable. This has important implications for using measured variability to price risk and predict college attendance.
- Notes:
- Print version record
- January 2005.
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