rates of return that takes into account tuition, income taxes and forms of uncertainty. We also contrast estimates based on … returns. Accounting for uncertainty affects estimates of rates of return. Accounting for sequential revelation of information … summarized. We distinguish ex ante from ex post returns. New panel data methods for estimating the uncertainty and psychic costs …

it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman, and Navarro (2005) to data … predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially … greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty …