Separating Uncertainty from Heterogeneity in Life Cycle Earnings
Posted: 29 Feb 2008
There are 3 versions of this paper
Separating Uncertainty from Heterogeneity in Life Cycle Earnings
IZA Discussion Paper No. 1437
Number of pages: 125
Posted: 05 Jan 2005
Downloads
165
Separating Uncertainty from Heterogeneity in Life Cycle Earnings
NBER Working Paper No. w11024
Number of pages: 124
Posted: 02 Feb 2005
Last Revised: 14 Feb 2022
Downloads
45
Date Written: April 2005
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.
JEL Classification: C33; D84; I21
Suggested Citation: Suggested Citation
Cunha, Flavio and Navarro, Salvador, Separating Uncertainty from Heterogeneity in Life Cycle Earnings (April 2005). Oxford Economic Papers, Vol. 57, Issue 2, pp. 191-261, 2005, Available at SSRN: https://ssrn.com/abstract=916832
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.