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...

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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.

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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

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...
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