Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78701
Authors: 
Cunha, Flavio
Heckman, James J.
Navarro, Salvador
Year of Publication: 
2005
Series/Report no.: 
Working Paper, IFAU - Institute for Labour Market Policy Evaluation 2005:6
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.
Subjects: 
earnings
unforecastable
forecastable
JEL: 
C33
D84
I21
Document Type: 
Working Paper

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