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. Author manuscript; available in PMC: 2016 Oct 1.
Published in final edited form as: J Labor Econ. 2016 Feb 11;34(Suppl 2):s31–s65. doi: 10.1086/684121

Table 4.

Share of Variance of Business Cycle in Total Variance of Unforecastable Components

NLS/1966 NLSY/1979
Point Estimate Standard Error Point Estimate Standard Error
High School 0.1111 0.0147 0.0156 0.0020
College 0.0452 0.0077 0.0392 0.0052
Overall 0.0679 0.0107 0.0328 0.0042