haku: @author Cunha, F. / yhteensä: 2
viite: 2 / 2
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| Tekijä: | Cunha, F. Heckman, J. Navarro, S. |
| Otsikko: | Separating uncertainty from heterogeneity in life cycle earnings |
| Lehti: | Oxford Economic Papers
2005 : APR, VOL. 57:2, p. 191-261 |
| Asiasana: | Cross-sectional models Forecasting Life cycle income Uncertainty |
| Kieli: | eng |
| Tiivistelmä: | A method is developed and applied 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. |
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