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Introduction to The Soulful Science: What Economists Really Do and Why It Matters

Coyle, Diane - Princeton University Press

To many, Thomas Carlyle's put-down of economics as "the dismal science" is as fitting now as it was 150 years ago. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. Building on the popularity of books such as...</i>

Persistent link: https://www.econbiz.de/10005453786

The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy

Cunha, Flavio; Heckman, James J. - Institute for the Study of Labor (IZA) - 2007

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 …

Persistent link: https://www.econbiz.de/10005761726

Separating Uncertainty from Heterogeneity in Life Cycle Earnings

Cunha, Flavio; Heckman, James; Navarro, Salvador - Institute for the Study of Labor (IZA) - 2004

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...

Persistent link: https://www.econbiz.de/10005822068

A New Framework for the Analysis of Inequality

Cunha, Flavio; Heckman, James - Institute for the Study of Labor (IZA) - 2007

earnings variability are due to uncertainty and which components are due to components of human diversity that are forecastable …

Persistent link: https://www.econbiz.de/10005822493