Heckman, James J.; Lochner, Lance J.; Todd, Petra E. - Institute for the Study of Labor (IZA) - 2005
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 …