Separating uncertainty from heterogeneity in life cycle earnings

Flavio Cunha, James Heckman and Salvador Navarro

Oxford Economic Papers, 2005, vol. 57, issue 2, 191-261

Abstract: 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. Copyright 2005, Oxford University Press.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (434)

Downloads: (external link)
http://hdl.handle.net/10.1093/oep/gpi019 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Separating Uncertainty from Heterogeneity in Life Cycle Earnings (2005)
Working Paper: Separating uncertainty from heterogeneity in life cycle earnings (2004)
Working Paper: Separating Uncertainty from Heterogeneity in Life Cycle Earnings (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:57:y:2005:i:2:p:191-261

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().