Separating uncertainty from heterogeneity in life cycle earnings

被引：189

作者：

Cunha, F

Heckman, J

Navarro, S

机构：

[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA

[2] Amer Bar Fdn, Chicago, IL 60611 USA

[3] Peking Univ, Beijing 100871, Peoples R China

[4] UCL, Dept Econ, London WC1E 6BT, England

来源：

OXFORD ECONOMIC PAPERS-NEW SERIES | 2005年 / 57卷 / 02期

基金：

美国国家卫生研究院; 美国国家科学基金会;

关键词：

D O I：

10.1093/oep/gpi019

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：191 / 261

页数：71

共 44 条

[1] UNINSURED IDIOSYNCRATIC RISK AND AGGREGATE SAVING [J].