Questions from General Economics

Q: For a child i living in a particular school district, let

For a child i living in a particular school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child’s sc...

Q: The following equations were estimated using the data in ECONMATH, with

The following equations were estimated using the data in ECONMATH, with standard errors reported under coefficients. The average class score, measured as a percentage, is about 72.2; exactly 50% of th...

Q: The following equations were estimated using the data in BWGHT:

The following equations were estimated using the data in BWGHT: And The variables are defined as in Example 4.9, but we have added a dummy variable for whether the child is male and a dummy variable...

Q: Using the data in GPA2, the following equation was estimated:

Using the data in GPA2, the following equation was estimated: The variable sat is the combined SAT score; hsize is size of the student’s high school graduating class, in hundreds; f...

Q: Use the data set 401KSUBS for this exercise. (i

Use the data set 401KSUBS for this exercise. (i) Using OLS, estimate a linear probability model for e401k, using as explanatory variables inc, inc2, age, age2, and male. Obtain both the usual OLS stan...

Q: An equation explaining chief executive officer salary is /

An equation explaining chief executive officer salary is The data used are in CEOSAL1, where finance, consprod, and utility are binary variables indicating the financial, consumer products, and utili...

Q: Let noPC be a dummy variable equal to one if the student

Let noPC be a dummy variable equal to one if the student does not own a PC, and zero otherwise. (i) If noPC is used in place of PC in equation (7.6), what happens to the intercept in the estimated equ...

Q: To test the effectiveness of a job training program on the subsequent

To test the effectiveness of a job training program on the subsequent wages of workers, we specify the model where train is a binary variable equal to unity if a worker participated in the program. Th...

Q: In equation (7.29), suppose that we define outlf

In equation (7.29), suppose that we define outlf to be one if the woman is out of the labor force, and zero otherwise. (i) If we regress outlf on all of the independent variables in equation (7.29), w...

Q: Suppose you collect data from a survey on wages, education,

Suppose you collect data from a survey on wages, education, experience, and gender. In addition, you ask for information about marijuana usage. The original question is: “On how many separate occasion...