Separating uncertainty from heterogeneity in life cycle earnings
Separating uncertainty from heterogeneity in life cycle earnings
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DOI：
10.1093/oep/gpi019
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发表时间：
2005-04-01
影响因子：
1.2
通讯作者：
Navarro, S
中科院分区：
文献类型：
--
作者：
Cunha, F;Heckman, J;Navarro, S
本文开发并应用了一种方法，将收入的横截面变异分解为学生决定上大学时可预测的成分（异质性）和不可预测的成分。学校教育回报率的变异性中约有60%是可预测的。这对于使用测量的可变性来定价风险和预测大学入学率具有重要意义。
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.