Questions from General Economics

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

Use the data in LOANAPP for this exercise. (i) How many observations have obrat > 40, that is, other debt obligations more than 40% of total income? (ii) Reestimate the model in part (iii) of Computer...

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

Use the data in LOANAPP for this exercise. (i) Estimate the equation in part (iii) of Computer Exercise C8 in Chapter 7, computing the heteroskedasticity- robust standard errors. Compare the 95% confi...

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

Use the data in TWOYEAR for this exercise. (i) The variable stotal is a standardized test variable, which can act as a proxy variable for unobserved ability. Find the sample mean and standard deviatio...

Q: You are to compare OLS and LAD estimates of the effects of

You are to compare OLS and LAD estimates of the effects of 401(k) plan eligibility on net financial assets. The model is (i) Use the data in 401KSUBS to estimate the equation by OLS and report the res...

Q: You need to use two data sets for this exercise, JTRAIN2

You need to use two data sets for this exercise, JTRAIN2 and JTRAIN3. The former is the outcome of a job training experiment. The file JTRAIN3 contains observational data, where individuals themselves...

Q: Use the data in MURDER only for the year 1993 for this

Use the data in MURDER only for the year 1993 for this question, although you will need to first obtain the lagged murder rate, say mrdrte21. (i) Run the regression of mrdrte on exec, unem. What are t...

Q: (i) Using all of the data, run the

(i) Using all of the data, run the regression lavgsal on bs, lenrol, lstaff, and lunch. Report the coefficient on bs along with its usual and heteroskedasticity-robust standard errors. What do you co...

Q: Use the data in CEOSAL2 to answer this question. (

Use the data in CEOSAL2 to answer this question. (i) Estimate the model by OLS using all of the observations, where lsalary, lsales, and lmktvale are all natural logarithms. Report the results in the...

Q: Use the data in ECONMATH to answer this question. The population

Use the data in ECONMATH to answer this question. The population model is (i) For how many students is the ACT score missing? What is the fraction of the sample? Define a new variable, actmiss, which...

Q: The R-squared from estimating the model / using

The R-squared from estimating the model using the data in CEOSAL2, was R2 5=.353 (n = 177) . When ceoten2 and comten2 are added, R2 = .375. Is there evidence of functional form misspecification in thi...