Reference no: EM131444485
Assignment
To complete this homework you will need to use the data set smallcps79. The data is from the 1979 CPS.
1. Compile a regression table with each of the following regressions:
(a) wage = β0 + β1education + β2age + β3female + β4hours + e
(b) lwage= β0 + β1education + β2age + β3female + β4hours + e
(c) wage = β0 + β1education + β2age + β3female + β4hours + β5age2 + β6female ∗education + e2
(d) lwage= β0 + β1education + β2age + β3female + β4hours + β5age2 + β6female ∗education + e
2. Choose the best specification from number 1, citing each of our 4 criteria in specification searches.
3. Interpret β1 in equations a and b.
4. Interpret β0, β3, β1, and β6 in equation d.
5. Use a t-test to test if men and women have the same returns to education.
6. Are returns to age increasing, decreasing, or constant? Explain your answer.
7. There are no controls for ability here. How might this effect our regression results?
Attachment:- 79_data.rar
|
Write a paper about the economic history of a canadian town
: Write a paper about the economic history of a Canadian town or city of your own choosing (Please write about any City in Ontario). You might want to discuss the economic growth and development of your city.
|
|
What is its enterprise? value
: Victoria Enterprises expects earnings before interest and taxes ?(EBIT?) next year of $2.4 million. Its depreciation and capital expenditures will both be $297,000?, and it expects its capital expenditures to always equal its depreciation. Its workin..
|
|
What is a money-market hedge
: What is the advantage and disadvantage of Sole proprietorship Partnership corporation Limited and Liability Companies and public company ? What triggered the periods of growth and decline with the federal debt ?
|
|
Explain the means-end chain model
: Explain the means-end chain model. Give an example to demonstrate how the process might work. Discuss the extended self and provide a description for each level of the extended self. Most researchers agree that an attitude has three components. List..
|
|
Compile a regression table with each of the given regression
: Compile a regression table with each of the following regressions: wage = β0 + β1education + β2age + β3female + β4hours + e and lwage= β0 + β1education + β2age + β3female + β4hours + e.
|
|
Expects earnings before interest and taxes
: Victoria Enterprises expects earnings before interest and taxes ?(EBIT?) next year of $2.4 million. Its depreciation and capital expenditures will both be $297,000?, and it expects its capital expenditures to always equal its depreciation.
|
|
What is the firms optimal capital budget
: The managers of United Medtronics are evaluating the following four projects for the coming budget period. The firm's corporate cost of capital is 14 percent. Project Cost IRR A $15,000 17% B $15,000 16% C $12,000 15% D $20,000 13%. Assuming that all..
|
|
Research the various elements of the marketing plan
: SAME company that you researched in previous units. Again, utilizing the CSU Online Library, you will research the various elements of the marketing plan as it relates to this company. In Unit IV you will provide a comprehensive discussion of the ..
|
|
Confidence interval for the proportion of middle-income
: Construct a 99% confidence interval for the proportion of middle-income Americans who actively participate in the stock market. (Round intermediate calculations to 4 decimal places, "z" value to 2 decimal places, and final answers to 3 decimal pla..
|