Questions from General Economics

Q: Use the data in WAGE2 for this exercise. (i

Use the data in WAGE2 for this exercise. (i) Estimate the model and report the results in the usual form. Holding other factors fixed, what is the approximate difference in monthly salary between bl...

Q: A model that allows major league baseball player salary to differ by

A model that allows major league baseball player salary to differ by position is where outfield is the base group. (i) State the null hypothesis that, controlling for other factors, catchers and outfi...

Q: Use the data in GPA2 for this exercise. (i

Use the data in GPA2 for this exercise. (i) Consider the equation where colgpa is cumulative college grade point average; hsize is size of high school graduating class, in hundreds; hsperc is academi...

Q: Define a dummy variable, rosneg, which is equal to one

Define a dummy variable, rosneg, which is equal to one if ros Discuss the interpretation and statistical significance of

Q: Use the data in SLEEP75 for this exercise. The equation of

Use the data in SLEEP75 for this exercise. The equation of interest is (i) Estimate this equation separately for men and women and report the results in the usual form. Are there notable differences i...

Q: Use the data in WAGE1 for this exercise. (i

Use the data in WAGE1 for this exercise. (i) Use equation (7.18) to estimate the gender differential when educ = 12.5. Compare this with the estimated differential when educ = 0. (ii) Run the regressi...

Q: Use the data in LOANAPP for this exercise. The binary variable

Use the data in LOANAPP for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is white...

Q: There has been much interest in whether the presence of 401

There has been much interest in whether the presence of 401(k) pension plans, available to many U.S. workers, increases net savings. The data set 401KSUBS contains information on net financial assets...

Q: Use the data in KIELMC, only for the year 1981,

Use the data in KIELMC, only for the year 1981, to answer the following questions. The data are for houses that sold during 1981 in North Andover, Massachusetts; 1981 was the year construction began o...

Q: Use the data in PNTSPRD for this exercise. (i

Use the data in PNTSPRD for this exercise. (i) The variable sprdcvr is a binary variable equal to one if the Las Vegas point spread for a college basketball game was covered. The expected value of spr...