Separating Uncertainty from Heterogeneity in Life Cycle Earnings

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

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Year of publication:	[2010]
Authors:	Cunha, Flavio
Other Persons:	Navarro, Salvador (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Lebenszyklus \| Life cycle \| Bildungsverhalten \| Educational behaviour \| Schätzung \| Estimation \| Lebenseinkommen \| Lifetime income \| Bildungsertrag \| Returns to education
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Oxford Economic Papers, Vol. 57, Issue 2, pp. 191-261, 2005 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2005 erstellt Volltext nicht verfügbar
Classification:	C33 - Models with Panel Data ; D84 - Expectations; Speculations ; I21 - Analysis of Education
Source:	ECONIS - Online Catalogue of the ZBW

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