qe problem set2.pdf - Economics Department BSc Feedback Form Section to be completed by the Student Only if you have completed this section can you

qe problem set2.pdf - Economics Department BSc Feedback...

This preview shows page 1 - 2 out of 2 pages.

Economics Department BSc Feedback Form Section to be completed by the Student Only if you have completed this section can you expect to receive feedback on this assignment . Briefly state, in your view, the learning aim of this assignment. Briefly state, in your view, how you did on this assignment. Circle the 'grade'* you expect to get. A / B / C / D / narrow Fail / clear Fail *Check out the 'grade descriptors' in the student handbook if you have questions about this last question! Section to be completed by the Marker Briefly state in a few words what the student did well and where she/he can focus to improve. Circle the 'grade'* the work deserves. A / B / C / D / narrow Fail / clear Fail Recall the simple use of STATA and i ntepretation of SLR. Not too bad.
Image of page 1

Subscribe to view the full document.

Problem Set 2 1.a) 𝛽𝛽 1 = 1 365 100 = 0.274, 𝛽𝛽 0 = 2 00 The 𝛽𝛽 1 is the amount that increase when there is one unit increase in wage. Originally, the time of education is measured in years and now it is measured in days so the unit changes from a year to a day. Also the unit of wage changes from pound to cent. So one unit change in
Image of page 2

Unformatted text preview: education will cause 1/365*100 increase in wage. In terms of , it means when you never received any education, you will have 2 pounds wage( may be grant given by government) so now you should have 200 cents. b) The second economists will not have a higher 2 because it represents the proportion of the variance for a dependent variable that is explained by an independent variable in the regression model. There are no more other independent variables that can explain effects to wages to be added in so the changes of measuring units will not affect 2 with the same data. 2.a) average participation rate and the average match rate are 87.4 and 0.731. b)sample size is 1534 and 2 is 0.0747. c)When the matching rate is zero, which means 1 dollar contribution by a worker participation in the plan is matched by 0 contribution by the firm, the participation rate is 83.07%. When...
View Full Document

  • Winter '17

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes