Create a graph showing average wages, Macroeconomics

Assignment Help:

For this question you will use the dataset "march01.dat", which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of education (column 4). You will need to turn in a printed copy of your M-file and your graph from Question 3.

1. Create a dummy variable that indicates individuals who went to college: college=1 if education> 12, college=0 if education≤ 12.

2. Display the average wage of females who attended college and the average wage of females who did not attend college.

3. Create a graph showing average wages (for all individuals) as a function of age (average wage on the y-axis and age on the x-axis).

 


Related Discussions:- Create a graph showing average wages

What is consumption?, "Consumption" is an old name for tuberculosis (TB) th...

"Consumption" is an old name for tuberculosis (TB) that explains how the illness wastes away or consumes its victims. TB is "an ancient enemy" that has plagued human kind for more

Benefits and disadvantages of each scenario, Do you think that public admin...

Do you think that public administrators should be restricted to only laid down rules in the discharge of their duties as espoused by Max Weber or should they have some amount of di

Analyse Inflation, 1. how long will take to deliver a 3000-word assignmen. ...

1. how long will take to deliver a 3000-word assignmen. Must include reliable references.deadline 2nd sept 2. How much do you guys charge? Can I avail the 50% offer?Minimum 100 wo

Derive saving - investment method, Derive saving- investment recognize in t...

Derive saving- investment recognize in the context of an open economy. From national income accounting shows that an enhance in taxes (whereas transfer unchanged) must imply a

Money supply, different between money multplier vs credit multplier ?

different between money multplier vs credit multplier ?

Supply function for product, Suppose the supply function for product X is g...

Suppose the supply function for product X is given by Qsx = -50 + 0.5Px - 5Pz. A. How much of product X is produced when Px = $500 and Pz = $30? B. How much of product X is p

Optimal consumption choice, In our 2 period consumption savings model (with...

In our 2 period consumption savings model (with no leisure, u(c1, c2), suppose interest income in period 2 is taxed at the rates, where 0 a) Write down period 1 and period 2 bu

What degree of elasticity does chipotle burritos exhibit, Economists estima...

Economists estimate the short run elasticity of demand for a Chipotle burrito is -2.25. i)    What degree of elasticity does Chipotle burritos exhibit? ii)    A 1% change in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd