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(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the findings.
(b) Assess whether government is a more 'meritocratic' employer. Do this by expanding the model in a) to test whether ability (asvabc) and years of schooling (s) have larger effect on earnings in government than in the private sector. Interpret the findings.
Assume that Jane spends her entire income of $100 on two goods, x and y. Moreover, these goods are perfect complements for her. Let the price of good x go up while the price
Problem: (a) Differentiate between linear and log-linear model. (b) Distinguish between type I and type II errors. (c) (i) A bulb manufacturer claims that its bulbs last
In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI has 50 units of food and 10 units of clothing.
Replicate the estimations in Table 2 on page 82 of Graddy (1995), but excluding the data of King Whiting.
how to regress
advantages and disadvantages
The firm is considering manufacturing a second product in its factory alongside the first. The demand functions for the two products are: Q d1 =180 - 4P 1 Q d2 =90
please provide literature on vecm granger causality block exogenity wald test and also tell how to interpret results
PROOF THAT E(XU) DIFFERENT FROM ZERO.
Suppose time-series data has been generated according to the following process: where t is independent white noise. Our main interest is consistent estimation of Φ from r
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