@techreport{Cunha2004Separating,
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.},
author = {Flavio Cunha and James Joseph Heckman and Salvador Navarro},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {I21; C33; D84; 330; uncertainty; lifecycle earnings; schooling; heterogeneity; counterfactuals; Lebenseinkommen; Lebenszyklus; Bildungsverhalten; Bildungsertrag; Sch\"{a}tzung; Vereinigte Staaten},
language = {eng},
number = {1437},
title = {Separating Uncertainty from Heterogeneity in Life Cycle Earnings},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20736},
year = {2004}
}
