Separating uncertainty from heterogeneity in life cycle earnings

被引：189
作者：
Cunha, F
Heckman, J
Navarro, S
机构：
[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA
[2] Amer Bar Fdn, Chicago, IL 60611 USA
[3] Peking Univ, Beijing 100871, Peoples R China
[4] UCL, Dept Econ, London WC1E 6BT, England
来源：
OXFORD ECONOMIC PAPERS-NEW SERIES | 2005年 / 57卷 / 02期
基金：
美国国家卫生研究院; 美国国家科学基金会;
关键词：
D O I：
10.1093/oep/gpi019
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：191 / 261
页数：71
相关论文
共 44 条
12345